Coinbase, Microsoft, and Europol shut down the Tycoon 2FA phishing network used to bypass account security.
The platform sent millions of phishing emails and targeted nearly 100,000 organizations worldwide.
Coinbase has worked with Europol and Microsoft to shut down the large phishing network called Tycoon 2FA. This operation has targeted the platform that allied criminals use to bypass the security protection and gain access to the online accounts. Authorities say that the platform has been active since 2023.
𝗛𝗼𝘄 𝗶𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱:Criminal organization Tycoon 2FA was offering a phishing-as-a-service platform.
𝗛𝗼𝘄 𝗶𝘁’𝘀 𝗴𝗼𝗶𝗻𝗴:Coinbase partnered with Microsoft & law enforcement to trace payments, identify Tycoon’s administrator, and coordinate a service disruption. pic.twitter.com/G2YTaBzLZh
— Coinbase (@coinbase) March 4, 2026
How Investigators Traced
According to Coinbase, investigators were able
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