• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Coinbase Faces DoJ Investigations After Customer Data Leak

SB Crypto Guru News by SB Crypto Guru News
May 20, 2025
in Crypto Updates
0 0
0
Coinbase Faces DoJ Investigations After Customer Data Leak


The US Department of Justice (DoJ) has launched an investigation into the recent security breach at crypto exchange Coinbase (Nasdaq: COIN). The breach involved a leak of internal documents and data linked to a “small subset” of customer accounts, which perpetrators accessed by bribing overseas support agents of the company.

First reported by Bloomberg, citing “a person familiar with the matter”, Coinbase’s Chief Legal Officer, Paul Grewal, also confirmed the investigation is underway.

Paul Grewal, Chief Legal Officer, Coinbase, Source: LinkedIn

“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,” Grewal said.

The DoJ has not commented publicly on the investigation.

A Socially Engineered Attack

Coinbase disclosed the breach last week after the perpetrators contacted the company, demanding a $20 million ransom. The exchange refused to pay, instead offering a $20 million reward for information leading to the identification of those responsible.

The stolen data includes names, addresses, emails, account balances, masked bank details, and partial Social Security numbers. Importantly, private keys and passwords were not accessed, and Coinbase confirmed that Prime accounts were unaffected.

The incident came to light on 11 May when Coinbase received an email from an unidentified threat actor claiming access to internal documents and the details of certain customer accounts. The exchange now expects the financial impact of the cyberattack to range between $180 million and $400 million.

In April, Coinbase announced changes to its user agreement that added two clauses limiting class action lawsuits and requiring lawsuits to be filed in New York. The changes apply to disputes initiated after May 15.

On May 14, Coinbase disclosed a data breach. pic.twitter.com/ffMR2K4YRo

— Molly White (@molly0xFFF) May 20, 2025

Is Coinbase’s Security Now in Question?

Despite the recent breach, Coinbase remains one of the few major crypto exchanges not previously impacted by a full-scale cyberattack.

Earlier this year, Bybit suffered a record $1.5 billion crypto theft, allegedly carried out by North Korea’s Lazarus Group, which exploited vulnerabilities in its cold wallet infrastructure. In 2022, Binance, the world’s largest crypto exchange by volume, also fell victim to a breach when attackers minted 2 million BNB tokens, worth around $570 million at the time.

Meanwhile, Coinbase was added to the S&P 500 index yesterday, replacing Discover Financial Services. The US-based exchange has also agreed to acquire crypto options platform Deribit for $2.9 billion and is reportedly bidding to acquire stablecoin issuer Circle.

The US Department of Justice (DoJ) has launched an investigation into the recent security breach at crypto exchange Coinbase (Nasdaq: COIN). The breach involved a leak of internal documents and data linked to a “small subset” of customer accounts, which perpetrators accessed by bribing overseas support agents of the company.

First reported by Bloomberg, citing “a person familiar with the matter”, Coinbase’s Chief Legal Officer, Paul Grewal, also confirmed the investigation is underway.

Paul Grewal, Chief Legal Officer, Coinbase, Source: LinkedIn

“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,” Grewal said.

The DoJ has not commented publicly on the investigation.

A Socially Engineered Attack

Coinbase disclosed the breach last week after the perpetrators contacted the company, demanding a $20 million ransom. The exchange refused to pay, instead offering a $20 million reward for information leading to the identification of those responsible.

The stolen data includes names, addresses, emails, account balances, masked bank details, and partial Social Security numbers. Importantly, private keys and passwords were not accessed, and Coinbase confirmed that Prime accounts were unaffected.

The incident came to light on 11 May when Coinbase received an email from an unidentified threat actor claiming access to internal documents and the details of certain customer accounts. The exchange now expects the financial impact of the cyberattack to range between $180 million and $400 million.

In April, Coinbase announced changes to its user agreement that added two clauses limiting class action lawsuits and requiring lawsuits to be filed in New York. The changes apply to disputes initiated after May 15.

On May 14, Coinbase disclosed a data breach. pic.twitter.com/ffMR2K4YRo

— Molly White (@molly0xFFF) May 20, 2025

Is Coinbase’s Security Now in Question?

Despite the recent breach, Coinbase remains one of the few major crypto exchanges not previously impacted by a full-scale cyberattack.

Earlier this year, Bybit suffered a record $1.5 billion crypto theft, allegedly carried out by North Korea’s Lazarus Group, which exploited vulnerabilities in its cold wallet infrastructure. In 2022, Binance, the world’s largest crypto exchange by volume, also fell victim to a breach when attackers minted 2 million BNB tokens, worth around $570 million at the time.

Meanwhile, Coinbase was added to the S&P 500 index yesterday, replacing Discover Financial Services. The US-based exchange has also agreed to acquire crypto options platform Deribit for $2.9 billion and is reportedly bidding to acquire stablecoin issuer Circle.





Source link

Tags: Bitcoin NewsCoinbaseCrypto NewsCrypto UpdatesCustomerDataDOJFacesInvestigationsLatest News on CryptoLeakSB Crypto Guru News
Previous Post

Together AI Launches Code Sandbox and Interpreter for Enhanced AI Development

Next Post

Bitcoin Breaks Realized Capitalization Record For 4th Straight Week – Is A New ATH In Sight?

Next Post
Bitcoin Breaks Realized Capitalization Record For 4th Straight Week – Is A New ATH In Sight?

Bitcoin Breaks Realized Capitalization Record For 4th Straight Week - Is A New ATH In Sight?

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
What Are Telegram Trading Bots? A Beginner’s Guide for 2025

What Are Telegram Trading Bots? A Beginner’s Guide for 2025

0
Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

0
As Iraq’s economy shows signs of recovery, a thirst for new art is emerging – The Art Newspaper

As Iraq’s economy shows signs of recovery, a thirst for new art is emerging – The Art Newspaper

0
3-phase commit for multihop payments

3-phase commit for multihop payments

0
Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

0
Solana (SOL) at Crossroads — Bounce Likely If 2 Remains Intact

Solana (SOL) at Crossroads — Bounce Likely If $142 Remains Intact

0
As Iraq’s economy shows signs of recovery, a thirst for new art is emerging – The Art Newspaper

As Iraq’s economy shows signs of recovery, a thirst for new art is emerging – The Art Newspaper

July 2, 2025
XRP Ledger payment transactions surges 430% in two years

XRP Ledger payment transactions surges 430% in two years

July 2, 2025
Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

July 2, 2025
Big Beautiful Bill Passed Without Crypto Tax Exemption but Hope’s Not Lost

Big Beautiful Bill Passed Without Crypto Tax Exemption but Hope’s Not Lost

July 2, 2025
Hobbs Rejects New Attempt to Use Seized Crypto in Arizona

Hobbs Rejects New Attempt to Use Seized Crypto in Arizona

July 2, 2025
Crossmint and Visa Join Forces to Power AI-Driven Commerce

Crossmint and Visa Join Forces to Power AI-Driven Commerce

July 2, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.