Coinbase Faces $400 Million Blow After Cyberattack Fallout

Quick Summary:

The breach didn’t come from hackers breaking through firewalls—it came from insiders leaking  private information of coinbase customer.

Coinbase says the breach impacted less than 1% of its active users, which is around 84,000 customers.

Chief Security Officer Philip Martin admitted the situation was tough but said the company is owning up to its mistakes.“When something like this happens, we don’t hide—we fix it,” he said.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Breach World Security Exchanges Expected Million Coinbase Crypto Customer Company Information

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 12:06:15 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 28729349

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Official Website: coinpedia.org

Update Frequency: 15 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #112

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