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Inside job at Coinbase leads to massive data breach, $20 million ransom demanded | The company says the breach could cost them up to $400 million
Coinbase, the largest cryptocurrency exchange in the United States, is facing significant fallout after disclosing a major cyberattack that compromised sensitive data from some of its customers....
As the crypto industry continues to evolve and attract mainstream attention, the latest incident at Coinbase highlights the ongoing risks and the urgent need for stronger security measures. The company's response – refusing to pay ransom, cooperating with authorities, and compensating affected customers – may set a precedent for how major players in the sector handle such crises going forward. The US Securities and Exchange Commission is examining whether Coinbase misrepresented its user numbers in past disclosures, four people familiar with the situation told the New York Times.
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