Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase saw its stock dip on its big day in the S&P 500. It closed at about $263, down from its high. Then came news of a US Justice Department probe into how hackers stole customer data. It’s a sudden turn for the […]
Coinbase Faces DOJ Heat Over Hack as It Enters S&P Spotlight Read More »
In a strongly worded post on social media platform X, TechCrunch founder and prominent investor Michael Arrington sounded the alarm over the human cost of the recent Coinbase data breach. According to Arrington, the hack, which reportedly exposed customer home addresses and account balances, poses more than just a financial threat. I am a long
TechCrunch Founder Warns Coinbase Data Breach “Will Lead to People Dying” Read More »
TL;DR Ripple and Coinbase are reportedly competing to acquire Circle, with supposed offers exceeding $10 billion. The stablecoin issuer is said to favor Coinbase due to their shared history with USDC, but one X user believes Ripple has the better chance of winning the bid. The Contested Duel Earlier this year, Circle – the financial
Does Ripple Have the Upper Hand Against Coinbase in the Battle for Circle? Read More »
The US Justice Department has opened an investigation into a recent security breach at Coinbase Global. Bloomberg reported Monday that the probe focuses on how cybercriminals bribed employees and contractors in India to steal sensitive customer data, which was then used in an extortion attempt. The investigation is being led by the department’s criminal division
US Justice Department Launches Probe Into Coinbase Breach Read More »
The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto
Coinbase Confirms DOJ Investigation Following Major Security Incident Read More »
Coinbase is under mounting legal pressure following its recent disclosure of a significant data breach. The breach exposed sensitive personal information of its users after cybercriminals bribed overseas support staff. @Coinbase has disclosed a data breach involving a small subset of customer information.#Coinbase #DataBreach https://t.co/qfBEmf3Cc0 — Cryptonews.com (@cryptonews) May 15, 2025 Between May 15 and
Coinbase Faces Multiple Lawsuits Over Bribed Support Agents and User Data Leak Read More »
A partner at one of Silicon Valley’s most prominent venture firms has reportedly been caught in the fallout of Coinbase’s recent data breach, raising concerns that other high-profile investors may also be at risk. According to a May 16 report from Bloomberg, Roelof Botha, Managing Partner at Sequoia Capital, was among the victims whose personal
Sequoia Partner Caught in Coinbase Data Breach, More VCs May Be Affected Read More »
Following the recent Coinbase $400 million breach, it has been revealed that hackers gained unauthorized access to sensitive customer data as early as January. A person familiar with the matter said the attackers had constant access by bribing customer service representatives, eventually demanding a $20 million ransom. Culprits Bribed Foreign-Based Support Staff According to a
Hackers Had Access to Coinbase Customer Data Since January: Report Read More »
Coinbase is reportedly facing an investigation by the SEC over the accuracy of its reported user numbers. The SEC has focused on a figure Coinbase included in its public filings and marketing materials, claiming it had over 100m “verified users,” the New York Times reported Thursday. This data point was initially presented in the company’s
SEC Probes Coinbase Over Misrepresentation of User Data: Report Read More »
The New York Times (NYT) reported Thursday that the Securities and Exchange Commission is investigating whether Coinbase misrepresented its now-discontinued “verified user” metric in past disclosures, according to David Yaffe-Bellany and Matthew Goldstein. The probe, citing over 100 million users in filings until 2023, began under the Biden administration and continues under President Trump’s SEC,
SEC Probes Coinbase’s Discontinued ‘Verified User’ Claims: NYT Read More »
