Coinbase, Microsoft and Europol take down phishing service ‘Tycoon 2FA’

Tycoon 2FA accounted for 62% of phishing attempts Microsoft blocked by mid last year, including over 30 million emails in a single month.

A coalition of tech companies and law enforcement, including Coinbase, has dismantled the core infrastructure of Tycoon 2FA, a major phishing-as-a-service platform that offered tools to bypass multi-factor authentication.

Europol announced Wednesday that Microsoft helped block 330 domains linked to the platform, while law enforcement seized additional key infrastructure.

Financial tracing was also a key aspect. Coinbase said it assisted by tracing blockchain-related transactions funding Tycoon 2FA, which helped identify the phishing platform's alleged administrator and buyers.

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