Coinbase has recently revealed a data breach that has impacted a small fraction of its user base, raising concerns about the security of sensitive information in the cryptocurrency sector. Based on the data provided in the document, it is crucial for users to remain vigilant and take necessary precautions to protect their accounts.
Coinbase Breach Affects Less Than 1% of Users
On May 15, Coinbase announced that the breach affected less than 1% of its monthly active users. The incident was attributed to a group of overseas support agents who were bribed and recruited by external actors, leading to the exposure of sensitive user data.
Response and Financial Implications
In response to the breach, Coinbase has established a reward fund aimed at gathering information that could lead to the arrest of those responsible. The company has also estimated that the costs associated with remediation could range between:
- $180 million
- $400 million
highlighting the significant financial implications of the incident.
