‘Major Wake-Up Call’: How $400M Coinbase Breach Exposes Crypto’s Dark Side
Coinbase said 69,461 customers were initially impacted by the breach, but fears remain over the threat of real-world robberies.
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Coinbase
Coinbase said 69,461 customers were initially impacted by the breach, but fears remain over the threat of real-world robberies.
Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.
At a panel at Consensus 2025, TRM Labs’ Ari Redbord discussed Coinbase’s response to their recent hack
The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.
The exchange is the first and only crypto company to join the S&P 500 index.
The company is set to join the broad-market stock index on May 19, replacing Discover Financial.
The crypto exchange’s broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
The U.S. crypto exchange filed a brief in a longstanding privacy battle over records the tax agency sought on customers’ crypto transactions.
The Coinbase Bitcoin Yield Fund opens for business on May 1 and promises returns initially from basis trading, with lending and options strategies to be used in the future, according to launch partner Aspen Digital.