Read below to see how Web3 reacted to this week’s revelation of the Coinbase (NASDAQ:COIN) hack. “The Coinbase attack proves why centralized systems keep failing – they offer no resilience ...

The attack came to light after an unknown threat actor emailed Coinbase on May 11. The message claimed possession of stolen customer data and internal documents.

To strengthen defenses, Coinbase is opening a new U.S.-based support hub, increasing monitoring of high-risk transactions, and enhancing insider-threat detection.

Irdeto will help Coinbase identify and remove bad actors from the platform, thus interrupting the crooks’ abilities to receive payments for illegal services.

Coinbase on Thursday announced hackers bribed some of its overseas employees for customer data and demanded a $20 million ransom from the company, a request Coinbase said it denied while ...

$20 million ransom demand flipped into a matching bounty when Coinbase disclosed this week that bribed overseas support staff leaked partial data on less than 1% of its users, reigniting fears of ...

There was also the $15.9M Coinbase Commerce theft last year when the threat actor laundered $38M from the BTCTurk hack via Coinbase over a few hours.

Scammers demanded $20 million for customer data obtained by bribing insiders. Coinbase stock price tumbled Thursday following the incident.

On May 15, Coinbase CEO Brian Armstrong said on X that the crypto exchange had been targeted in a sophisticated extortion attempt involving insider collusion and customer data theft. Armstrong ...

Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say The acquisition makes Coinbase the largest crypto derivatives platform and a credible rival to Binance.