The Coinbase Commerce page requires users to enter a mnemonic phrase, raising security concerns

By: rootdata|2026/03/19 22:42:00

According to Cointelegraph, a subdomain page of Coinbase Commerce prompted users to enter their wallet recovery phrases, raising concerns among security researchers. SlowMist Yu Sin stated that it is incomprehensible why Coinbase would set up such a page, directly asking users to input their recovery phrases in plain text for asset recovery, believing this action poses serious security risks.

On-chain analyst ZachXBT pointed out that this page was previously referenced in a help document for Coinbase's Commerce product, which suggested users recover funds by importing their recovery phrases into compatible wallets like Coinbase Wallet or MetaMask, and included a link to the withdrawal tool on that subdomain. Currently, the help document is shown as deleted. ZachXBT also noted that if this page were exploited by malicious actors, it could facilitate social engineering attacks on Coinbase users targeting their recovery phrases.

-- Price

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.

Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April

Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.

What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)

What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.

Popular coins

Latest Crypto News

04:42

Data: In the past 24 hours, the total liquidation across the network was 149 million USD, with long positions liquidated at 69.2198 million USD and short positions liquidated at 80.1538 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $149 million, with long positions liquidated at $69.2198 million and short positions liquidated at $80.1538 million. Among them, Bitcoin long positions were liquidated at $9.7205 million, Bitcoin short po...

04:42

U.S. stocks closed, with the Dow Jones rising 1.62%, and Alphabet hitting a record high

According to Jinshi reports, U.S. stocks closed with the Dow Jones Industrial Average initially up 1.62%, the S&P 500 index up 1.02%, and the Nasdaq Composite index up 0.89%. Alphabet (GOOG.O) rose 9.95%, reaching a historical high; Qualcomm (QCOM.O) increased by more than 15%. The Nasdaq Golden Dra...

03:42

According to Coinglass data, if BTC falls below $72,446, the cumulative long liquidation intensity on mainstream CEX will reach $1.565 billion. Conversely, if BTC breaks above $79,635, the cumulative short liquidation intensity on mainstream CEX will reach $1.326 billion.

The Coinbase Commerce page requires users to enter a mnemonic phrase, raising security concerns

-- Price

You may also like

MAGA Up 350% in 24 Hours, PEPE Up 46% in One Day: Which Memecoins Are Next in 2026?

RCD Espanyol vs Real Madrid: Can the Pericos Delay the Inevitable?

MegaETH goes live with an FDV exceeding 2 billion USD. Which ecological projects are worth paying attention to?

Dialogue with "Wood Sister" Cathie Wood: The next bull market is about to arrive

Can prediction markets win the competition for perpetual contracts?

Who is trading on Trade.xyz?