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- Cyber criminals were bribed by Coinbase agents and revealed highly profiled user data, including Roelof Botha.
- Despite the violation, the Coinbase supply was reflected 9% after a initial decline in 7%.
Coinbase Global Inc., the largest cryptocurrency exchange in the US, is now facing an intensive check after publishing a major violation of data that has compromised the personal data of several important users.
Cyber criminals reportedly brought out overseas customer service agents and revealed critical weaknesses in Coinbase security infrastructure.
Among the victims is Roelof Botha, a Sequoia Capital management partner, which emphasizes the seriousness of the violation.
Sequoia Capital focused on Coinbase data violation
The hackers target the Coinbase support team in the bribery scheme that allowed them to access sensitive user data.
The day after Coinbase confirmed the violation, Bloomberg reported that cybernetic criminals have endaled information about Botha’s account.
While the accurate clean assets of Botha remain unpublished, estimates place its assets in hundreds of millions.
The attackers allegedly tried to blackmail $ 20 million from Coinbase to maintain confidential violations, an offer that the company has firmly rejected.
Coinbase responds to the threat of initiated
After a violation, Coinbase quickly fired a third -party customer service agents in India related to the attack, according to Chief Security Director Philip Martin.
The company also filed with SEC, estimating that it would spend between $ 180 million and $ 400 million for reimbursement and remedial efforts.
Safety threats in the middle of the milestones of industry
Just a few days before Coinbase planned Incorporating into the S&P 500, the key moment for the crypto sector, users received warnings warning that their personal data could be incorrectly accessible.
In addition, recently chain extra reported That hackers have stolen cryptometers of $ 2.2 billion in 2024. Since the sector is gaining visibility, threats to the cryptometer have intensified.
In countries like France, the authorities are now competing to prevent incidents such as kidnapping and cyber attacks focused on key figures.
The reasons’ shares in spite of the sleep
Although the shares of Coinbase (Coin) initially dropped by more than 7% to $ 244 after violation, the investors’ sentiment was quickly reflected.
Share renewed at $ 266.46, which indicates an increase in 9.01% and indicates that confidence in the company can remain intact despite the highly profile of the safety forfeiture.
