A number of digital currency users have been hacked recently and the blame is being squarely placed on carrier providers. Jack Peterson, Augur developer, told CCN:
It’s what has happened in every single case… Their phones were compromised first and then their emails, etc. and they had recovery phones enabled.
A recovery phone number is a very popular feature for second layer added security to any password breaches. To ensure the rightful owner gains access, service providers send a unique text message, usually with a time lapse period. As each phone number is unique, the reasonable assumption is that only individuals with access to that specific phone can know the code, but what if that assumption is wrong? ..... Read More News