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

Coinbase, Microsoft and Europol successfully collaborated to shut down 'Tycoon 2FA', a major phishing-as-a-service operation. The service was responsible for 62% of phishing attempts blocked by Microsoft by mid-2024, including over 30 million malicious emails in a single month.

• →Tycoon 2FA was a sophisticated phishing-as-a-service platform that targeted cryptocurrency and other online accounts.
• →The service accounted for 62% of all phishing attempts that Microsoft blocked by mid-2024.
• →At its peak, Tycoon 2FA sent over 30 million phishing emails in a single month.
• →The takedown represents successful collaboration between major tech companies and law enforcement agencies.
• →The operation highlights the growing threat of organized phishing services targeting the crypto industry.