Coinbase Shiba Sim Swap Case ethanhunt444

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Coinbase

Reddit user ethanhunt444 reported that their Verizon phone experienced a sim swap, and was used to gain access to their Coinbase account. Once in the Coinbase account, their 30,000,000 SHIB tokens were withdrawn from their account. Verizon requested a police report, however it's unclear if Ethan has pursued the matter with authorities.

This is a global/international case not involving a specific country.

About Coinbase

"Alright SHIBArmy, I'll keep it short, and I hope this doesn't happen to you.

My Yahoo, Verizon, and Coinbase all got hacked which led to some shmuck unloading my whole Coinbase wallet today. I started to get emails and texts with password reset codes and links from my Coinbase account this morning. Soon after, I lost all use of my iPhone (no texting or calling). I tried to login to Coinbase and my password had been reset. I log into Verizon for tech support and find that there's a new phone attached to my phone number. I call Verizon from my wife's phone to confirm that someone changed my Verizon PIN (authenticating with my Yahoo email), and ported my number to their phone. They then used my phone number to request password reset codes for Coinbase. Then came the quick unload of all my SHIB. The whole thing happened within 12 minutes.

RIP 30,000,000 SHIB and Paul Walker on this 30th of November..."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Coinbase Shiba Sim Swap Case ethanhunt444

Date	Event	Description
November 30th, 2021 7:37:52 PM MST	Reddit Post	The incident is posted on Reddit.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost has been estimated at $2,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.