Inside the Coinbase hack: 1% of users hit, $400 mln liability looms 

• Coinbase assured that violation was limited, but the cost of compensation could hit $ 400 million.
• SEC reportedly investigated the exchange for incorrect numbers in 2021.

Crypto Exchange Coinbase confirmed that recent security violations have affected about 1% of its customers, but the secured user resources were safe and the affected affected would be compensated.

In a declarationThe company was accused by “Rogue Oversteas Support Agans” who worked with alleged cyber criminals in accessing some user data.

“Cyber ​​criminals bribed and accepted a group of rogue overseas agents of support agents to steal Coinbase customer data to facilitate social engineering attacks.”

The criminals reportedly asked for a ransom of $ 20 million, but refused Coinbase, creating a $ 20 million reward instead.

Coinbase: Stolen Funds, SUNDA SEC

The threats of the threat approached contact details including ID, e -mail and phone numbers. They also obtained the account balance data, but did not approach private keys, hot or cold wallets.

Revelation comes after several complaints of hacks from Coinbase users since the beginning of 2025.

Just at the beginning of May, a renowned web3 zacxbt investigator marked $ 45 million stolen from the stock exchange.

“Another $ 45 million+ has been stolen from Coinbase users through fraud in social engineering over the last week. Interestingly, no other major stock exchange has the same problem.”

Zacxbt said that the stolen coinbase funds have been about 9 numbers in the last four months.

With customer data, the criminals pretended to be exchange support and cheated on them to release their crypto. However, the company assured the users that they would be returned.

“We will replace customers who were cheated on social engineering attacks to send funds.”

According to the publication submitted According to SEC, the exchange responsibility from affected users could be around 180 million USD-400 million dollars.

The company debuted this week in the S&P 500, but the milestone was disrupted by a hack and another SEC investigation.

According to the New York Times messageThe regulator examined the replacement for falsifying users’ numbers (claimed by 100 million verified users) during IPO 2021 preparation (initial public offer).

Together, the update dragged its share, Coin, 7% to $ 240 on Thursday, eraseing some profits associated with the S&P 500 index and wider Rally Crypto Stocks.