Coinbase faces $400 million cyberattack blow
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Coinbase Global said Thursday that it has refused to pay a $20 million ransom demand from cybercriminals who bribed the company’s overseas customer support agents to steal sensitive user data.The cryptocurrency exchange estimated that the incident could cost from $180 million to $400 million,
Coinbase said customer passwords and private keys were protected by its systems, and “at no time were any of the targeted contractors or employees able to access customer funds.”
Coinbase (NASDAQ:COIN) on Thursday disclosed a material cybersecurity incident involving insider abuse and data theft, leading to a $20 million Bitcoin (CRYPTO: BTC) ransom demand from
Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.
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Cryptopolitan on MSNCoinbase hit by revived SEC probe as stock sheds monthly gains in single-day dropA New York Times report has disclosed that the US Securities and Exchange Commission (SEC) is investigating Coinbase. The report published on May 15 stated
Coinbase Global Inc. is cooperating with the US Securities and Exchange Commission on an agency probe into its previously reported user metrics, the company said Thursday.
Coinbase recently revealed that they have detected social engineering agents operating in India. These individuals have been impersonating Coinbase e
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Coinbase, the largest cryptocurrency exchange based in the U.S., said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the info.
Coinbase chief legal officer Paul Grewal addressed some of the concerns raised by US lawmakers and industry leaders around President Donald Trump’s crypto ventures, and how they may affect related legislation.