Coinbase rollers of data breach, which may cost $ 400 million

Coinbase suffers from internal data breach, which may cost up to $ 400 million, just days before he was appointed to join the S&P 500 index.

The company revealed that the external actors broke the “contractors or employees” to reach the internal systems and sensitive customer data. The attackers then tried to blackmail $ 20 million from the stock exchange, threatening to leak the information at risk.

Coinbase did not pay the ransom, and said that less than 1 % of the monthly transactions user data was affected by the attack. Coinbase also launched the contractors participating in the breach.

Coinbase said it would pay the users who have lost the money, a step expected to cost between $ 180 million and $ 400 million, according to the Securities and Recent Stock Exchanges Committee (SEC) presentation.

Coinbase (COIN) shares decreased by 7 % To 244.44 dollars on Thursday, amid increasing concerns about the breach and a new investigation in SEC about whether the company has misled investors before the subscription in 2021.

The Stock Exchange, which was appointed to join the S&P 500 on May 19, was the most suicide brand by fraudsters in 2024, according to Data From Mailsuite.

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Brian_armstrong May 15, 2025

SEC is investigating Coinbase for potential misleading investors before 2021 public subscription

In addition to the problems of Crypto Exchange was a report on the New York Times that the Supreme Education Council Firing Investigating whether investors have misled and numbers of users before his general appearance in 2021.

The pioneering American encryption exchange reduced the investigation from the financial authority, describing the SEC probe as an “waiting investigation” from the previous Crypto Control Administration.

The Supreme Education Council has been divided Coinbase’s Requesting “more than 100 million verified users” appeared in marketing and public subscription documents in 2021. Coinbase stopped reporting this scale in 2022, a presentation With SEC offers.

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