recover your lost Coinbase Wallet: Let dive into the world of Cryptocurrency, so we can talk about the different kinds of wallets and how to recover lost or stolen ones.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.
A cryptocurrency is a digital currency that can be exchanged online for goods and services. However, people don’t hold Crypto for transaction purposes alone, it might also be a form of investment for both individuals and firms alike. They are over 10,000 cryptocurrencies in the world, both individuals and companies launch their cryptocurrency for investment and transactional purposes.
Recover your lost Coinbase Wallet
Two types of wallets can be used to store cryptocurrency, we have Cold wallet and Hot wallet. A Cold wallet is not connected to the Internet. Also called a “hardware wallet” and “offline wallet,” the cold wallet stores the user’s address and private key and works in conjunction with compatible software in the computer.
To be able to store your crypto online, you need a wallet. A cryptocurrency wallet stores the public and private keys required to buy Bitcoin or other cryptocurrencies and provides digital signatures authorizing each transaction. We have several forms of crypto Wallet, Coinbase, Blockchain Wallet, Trust Wallet, Exodus, Ledger Wallet, Binance Wallet and many more.
We will be talking more about Coinbase wallet, how it can be lost or hacked and how to retrieve the lost account.
Coinbase wallet is a cold wallet that is used by over 74 million users with over $327B
Quarterly volume traded, Coinbase wallet is a secure platform to store cryptocurrencies like Bitcoin, Ethereum, XRP and others. Even though the platform claim to be secured there are still compromise on accounts sometimes maybe from the hand of the user or the wallet itself.
Recover your lost Coinbase Wallet
Here are a few ways which hackers use to hack a Coinbase account;
- Phishing attack:
Phishing is a type of cyber attack where a malicious actor poses as a reputable entity or business to deceive people and collect their sensitive information – such as credit card details, usernames, passwords, and so forth. Since phishing involves psychological manipulation and relies on human failures (instead of hardware or software) it is considered a type of social engineering attack.
Phishing attacks are also being used within the cryptocurrency ecosystem, where malicious actors try to steal Bitcoin or other digital currencies from the users. For instance, this may be done by an attacker spoofing a real website and changing the wallet address to his own, giving users the impression that they are paying for a legitimate service when, in reality, their money is being stolen.
Attacking you with Trojan
Trojan can enter and monitor your behaviour, stealing anything that resembles a Private Key.
Trojan is not a new thing, and most likely you know how to protect your device from being infected. Regular anti-virus check, downloading files from a secure link and other preventive measures.
If a hacker can gain access to your private key using a Trojan, the hacker will have access to your Cryptocurrency without you knowing.
In case your Coinbase account gets hacked you can contact Coinbase customer service to help you recover your account. The problem with this is the long queue of others wanting to rectify the same or other issues. It might take a while before you get attended to or sometimes your enquiry might not get to the customer service centre.
How to stay off the hook
We’ve now covered quite a few techniques malicious actors use within the cryptocurrency theme. Here are some tips on how to stay safe:
- Be realistic. A classic tactic of attackers is to promise you free gold and fast fortune. Remember that an out-of-the-blue offer that seems too good to be true usually is.
- Take your time. Urgency is the most common emotion social engineers go after. They try to get you to think that there is limited time to act before something bad happens. It’s a major red flag.
- Look closely. Remember to check the sender address when you receive an email. The address might contain small changes such as changing the domain from .com to .net or adding something extra to the name.
- Beware of a fake badge. Social engineers impersonate recognizable brands and names because major companies have committed huge resources to gain your trust. Not everyone in your inbox is who they say they are.
To recover your Coinbase account you can hire a hacker on Cybersploit to track your account on the blockchain and retrieve it from the hacker. And in some cases, hackers from Cybersploit can retrieve funds that have been transferred from the hacked account. Different hack jobs can be done on Cybersploit ranging from White hat jobs, Gray hat jobs and sometimes Black hat jobs.
Hiring a hacker to retrieve your lost account is like hiring a private investigator for your case. You have more control over the situation when you hire a hacker and you know your issue is the most prioritised to your employee (the hacker).
Hire a hacker for this kind of issue by contacting cybersploits or for any other related hacking issue.