10 Apr '15, 12am

SendGrid Account Breach Was Used to Attack Coinbase, a Bitcoin Exchange

SAN FRANCISCO — Hackers targeted SendGrid, a mass email service used by 180,000 companies including Uber, Pinterest, Spotify and Foursquare, to infiltrate Coinbase, one of the most popular Bitcoin exchanges. SendGrid confirmed that one of its Bitcoin-related clients was compromised on Wednesday. It would not name the customer, but Coinbase confirmed in an email on Thursday that hackers had compromised its SendGrid account, though it said no Bitcoin were stolen. In a statement, SendGrid said it believed the attack was an isolated one. However, the attack follows a similar pattern to an attack last year against a former SendGrid customer, and there is evidence that other Bitcoin companies are being targeted via their mass email providers. Mass email services like SendGrid, which sends 14 billion emails a month, are a powerful tool for hackers looking to send spear-phishing e...

Full article: http://bits.blogs.nytimes.com/2015/04/09/sendgrid-email-b...

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