Coinbase Draws Security Criticism After Asking Users to Enter Seed Phrases

Coinbase published a migration page asking users to enter wallet seed phrases. Security experts warn the approach could enable phishing and social engineering attacks. Critics say exposing seed phrases online creates serious risks for self-custodial wallets. Coinbase is facing criticism from the security community after publishing an official page that asks users to enter their seed phrases directly into a web form. Researchers are calling it dangerous, unnecessary, and a ready-made template for scammers. What Is Happening The page was created to help merchants migrate funds as Coinbase merges its Commerce product with Coinbase Business before a March 31 deadline. Merchants who received Bitcoin and other crypto payments through Commerce are being directed to a withdrawal tool at a Coinbase subdomain where they are asked to input their 12-word seed phrase to cons… Read The Full Article Coinbase Draws Security Criticism After Asking Users to Enter Seed Phrases On Coin Edition .