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Crypto security flaw: two step verification failure

Security Flaw | Coinbase Users Express Concerns Over 2-Step Verification

By

Mohammed Aziz

Apr 22, 2025, 10:35 AM

Edited By

Ritika Sharma

2 minutes of reading

A computer screen showing a warning about two-step verification failure in cryptocurrency transactions

A growing number of Coinbase users are voicing alarm over a significant issue: the two-step verification feature for crypto sends has stopped working. This flaw risks user security by allowing transactions without the expected verification process, sparking widespread frustration.

The context of this issue began when several users, including one who manages a Coinbase account with physical security keys, reported that their app no longer prompts for the security key when sending Bitcoin. Despite having set up two-step verification, which previously worked seamlessly, the sudden lapse has left users questioning the app's reliability and security.

Users are expressing that asking them to troubleshoot problems is unacceptable. One user noted, "If logging out of my account fixed it, that just means there's a security hole in the app." This sentiment reflects a growing concern among others, as they feel unprotected.

Main Issues Raised by Users

  1. Lack of User Support: Many users feel that the response from Coinbase's support team lacks genuine engagement, often returning automated replies. Comments like, "So I can talk to an AI bot?" capture their frustration.

  2. Call for Alternative Support Channels: Some users are requesting a contact method outside of social media platforms. They argue, "Please provide a method of contact that does not require social media accounts."

  3. Concern for Security Integrity: Users underscore that this security flaw is critical, potentially allowing unauthorized transactions. One stressed, "This is a huge security hole, and not something I want to need to debug myself."

"User security is paramount, and this situation seems very concerning," remarked a noted member of the community.

User Sentiment Overview

  • Negative Reactions: A majority of feedback indicates users feel anxious about the security gap.

  • Support Issues: Many express dissatisfaction with the existing support channels, labeling them insufficient for serious security concerns.

  • Desire for Transparency: Users are calling for improved communication and support from Coinbase to address this issue directly.

Key Highlights

  • πŸ›‘ A notable security flaw allows crypto sends without verification.

  • πŸ“ž Users are demanding more effective support outside of social media channels.

  • πŸ”’ "This is a huge security hole," warns a concerned user.

As discussions continue, users are left wondering: how will Coinbase respond to these serious security concerns? Immediate action may be necessary to restore confidence among its users.