What Do I Do If My Coinbase Account Is Hacked?
If your Coinbase account is hacked, you have to take quick action. Lock your account temporarily to restrict access and prevent financial transactions. You have to report the hacking incident to the company by submitting a form online. Make sure to fill in all the necessary information clearly. Additionally, secure your email and bank accounts to prevent further fraud.
Coinbase is among the fastest-growing cryptocurrency exchange platforms. The company aims to provide a transparent, accessible, and efficient financial system through crypto. It is easy to use and offers a secure portal to receive and send cryptocurrency.
However, there may be instances where attackers hack your account. If your account is compromised or you notice any suspicious activity within the account, you have to take immediate action.
Customer service helps with the process of securing your account. Read on to know the steps to take if someone hacks a Coinbase account.
Lock Your Account Temporarily
Immediately contact Coinbase customer service to lock your account. Inform them that your account is hacked. They will temporarily disable it and lock any sign-in attempts.
The lock also restricts any financial transactions from the account. You can only log in later after completing all secure access steps. These steps include uploading your ID or a photograph for verification.
However, this step does not log out from an active session.
Report the Hacking Incident
You have to report that your account is compromised through a form. Take the following steps to file a report:
- Visit the Coinbase website.
- At the bottom of the webpage, you will find the "Support" section.
- Click on the "Contact us" option.
- Choose your Coinbase product and choose "Account Compromised and Unauthorized Accounts."
- Next, select "My account is compromised or has been hacked."
- Choose "My Coinbase account was accessed without my consent."
- Now, enter the necessary information in the following boxes. Ensure to be highly specific with the details.
- Mention that your account is hacked in the given message box and provide details of the suspicious activities.
- Enter your name and registered email address.
- Almost every option prompts a request to disable the account temporarily. Choose "Yes" if you agree with it.
- Select the CAPTCHA box to receive it and then submit all the details.
The company reaches out to you within the next 24 or 72 hours. If there are any delays or you require further information, call customer service.
Secure the Email
The next step for securing a Coinbase account after it is hacked is to secure the email. Generally, hackers use the email of customers to access cryptocurrency accounts. Check if it is possible to sign in to your mail.
Try changing your password if you have access to your email. Additionally, make sure to turn on the two-step verification process.
If it does not work, contact the email provider. Ask them to lock your account immediately.
Secure Bank Account
Your bank account is also most likely linked to the Coinbase account. Update the bank passwords to check if you have access to it. If your bank account is hacked, contact the bank promptly and inform them.
Set up the two-step verification process for your bank account as well. Look out for any unauthorized transactions. You can find them on your bank statement or Coinbase account.
If you lose funds to any unauthorized third party, call the local police and file your report.
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