• Il blog
  • Investimenti
    • Investimenti
    • Refund
  • Domande e risposte
  • Contattaci
  • Il mio account
  • …
    • EnglishEnglish
    • FrançaiseFrançaise
    • EspañolaEspañola
    • ItalianoItaliano
    • РусскийРусский

DOJ is investigating Coinbase data breach— Report

    The US Department of Justice is reportedly conducting a probe over Coinbase’s contracted customer service agents in India, who accepted bribes in exchange for allowing criminals access to user data.

    According to a May 19 Bloomberg report, DOJ investigators are looking into the data breach, which Coinbase disclosed to the public on May 15. The exchange reported that a group of customer support contractors — subsequently fired — “abused their access to […] systems to steal the account data for a small subset of customers.”

    “We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges against these bad actors,” said Coinbase’s chief legal officer, Paul Grewal, according to Bloomberg.

    Related: New Zealand man arrested in $265M crypto scam tied to FBI probe

    Though “no passwords, private keys, or funds were exposed” according to Coinbase, the data breach resulted in social engineering attacks targeting users, including a Sequoia Capital partner, with losses estimated at up to $400 million. The attackers also attempted to extort $20 million from Coinbase in exchange for not disclosing the breach, which the company refused.

    Backlash in the courts

    The attempted social engineering attacks have resulted in Coinbase users filing several lawsuits against the exchange, alleging that the company mishandled their personal data. One user, a retired artist named Ed Suman, reported losing $2 million to the scammers.

    Coinbase’s stock price fluctuated following the news of the breach and an unrelated probe from the US Securities and Exchange Commission over its reported “verified user” numbers. Cointelegraph reached out to Coinbase for comment but had not received a response at the time of publication.

    Magazine: Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange

    Uncategorized

    0 Comment

    Navigazione articoli

    Bitcoin futures data aligns with BTC traders’ hope for new all-time highs
    Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

    Lascia un commento Annulla risposta

    Image Missing

    Il vostro partner sicuro nella crescita della ricchezza in criptovalute

    Contatti

    • Tower Ten, 20th floor, Strawinskylaan 1665, 1077 XX Amsterdam

    • +4367762309684

    • support@cashorba.com

    • Lun-ven: 9:00 - 17:00

    cashorba.com © 2025 All rights reserved.