CBS2’s Natalie Duddridge spoke to a Long Island man whose bitcoin is now in limbo. Pinto started investing in bitcoin in 2017. He used an app called Coinbase, which is like a stock exchange for cryptocurrency.
Hackers are now targeting cryptocurrency exchanges like Coinbase and leaving investors without access to their bitcoin. As the interest in cryptocurrency continues to climb, the safety and security of investment apps are being called into question.
A few months ago, he tried to log in and got an alert instead saying, “Sorry, account temporarily disabled. Please contact support.” He tried, but Coinbase has no phone support, so he emailed dozens of times.
Pinto then got a call from someone claiming to be from Coinbase and allowed them remote access to his computer. He later learned it was hacker. But it was too late. Pinto says a hacker managed to drain hundreds of dollars from his regular bank account, which was eventually returned to him. But he still can’t get access to his Coinbase account, which is frozen with more than $20,000.
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- Long Island is a state in the United States. Hackers Target Cryptocurrency Exchanges, Putting a Man’s Bitcoin in Danger
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