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    1. coinfeeds-bot on

      tldr; Coinbase disclosed a data breach affecting 69,461 individuals, involving names, addresses, account balances, government IDs, and partial Social Security numbers. The breach occurred in December but was discovered in May after hackers demanded a $20 million Bitcoin ransom, which Coinbase refused. The breach stemmed from bribed overseas customer support agents. Coinbase plans to spend $180M-$400M on remediation and reimbursements, and CEO Brian Armstrong pledged to enhance cybersecurity and relocate some support operations.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Rich_Produce8986 on

      This breach occurred in December but CB revealed it in May.

      And before releasing this info CB made changes in their terms & conditions,one was that any lawsuit against CB is to be filed in NY.

      I don’t think they have customers‘ best interest in their policy,because they wouldn’t be hiding this info for months.

    3. fartiestpoopfart on

      fortunately those affected should be getting a check for $4.82 in 6 years from the (first of many) class action settlement.

    4. They say the leak happened in December. Brian Armstrong unloaded 1 million+ shares on November 22nd. 🤔

    5. CriticalCobraz on

      Nearly 70,000 users were affected, and the incident went „unnoticed“ for almost SIX MONTHS.
      During this time, Coinbase updated their Terms of Service and attempted to conceal the data breach in order to improve their chances of being listed on the S&P 500 stock market index

    6. Looking forward to the class action reward of $15 and one year free subscription to credit monitoring

    7. They wanted only government employees it sounds like … sounds like they are trying to expose those in governments holdings information

    8. I love everything about it. You’re basically forced to hand over all your private, sensitive data, just so companies can either mess around with it in the background or be too incompetent to keep it secure…

    9. topcontender on

      I’m pretty sure this hack is why I kept getting phishing calls from scammers pretending to be Coinbase. I almost fell for one—they’re very convincing. Just a heads-up to everyone: if you get a call or text claiming to be from Coinbase, it could be related to this breach. Stay alert.

    10. Safe_T_Third on

      EU based Coinbase user here. Been getting lots of calls pretending to be Coinbase since February or so. Never received any emails from Coinbase to say my data was compromised, but the scammers definitely have the info as they know all details.

      It will be interesting if / when they own up to a GDPR breach – the EU doesn’t hold back on fines for this sort of thing.

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