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Coinbase has disclosed that 69,461 users were affected by a data breach involving bribed customer support agents. The incident, which occurred in December, is now under investigation by the U.S. Justice Department. The breach could cost the exchange up to $400 million and has sparked legal and regulatory scrutiny.
- The breach involved overseas support agents bribed to leak user data, including government IDs and account details.
- Coinbase’s delayed disclosure could influence class action lawsuits, with critics questioning its materiality timeline.
- The exchange faces a DOJ investigation and estimates losses up to $400 million, including a $20M extortion attempt.
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