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#Coinbase

298 articles with this tag
Coinbase Sued for Alleged Illegal Biometric Data Collection in Illinois

Coinbase Sued for Alleged Illegal Biometric Data Collection in Illinois

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Coinbase Faces Lawsuit Over Alleged Unauthorized Biometric Data Collection Illinois residents have filed a class-action lawsuit against Coinbase, accusing the cryptocurrency exchange of illegally collecting and sharing their biometric data without consent. The lawsuit, filed on May 13, claims violations of the Illinois Biometric Information Privacy Act (BIPA) and the Illinois Consumer Fraud and Deceptive […]

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Coinbase Joins S&P 500 Amid DOJ Probe into $20M Cyberattack Extortion

Coinbase Joins S&P 500 Amid DOJ Probe into $20M Cyberattack Extortion

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Coinbase’s S&P 500 Milestone Overshadowed by DOJ Cyberattack Investigation Coinbase, a leading cryptocurrency exchange, joined the prestigious S&P 500, marking a significant milestone for the crypto industry. However, the celebration was short-lived as the company faced scrutiny from the U.S. Department of Justice (DOJ) over a cyberattack that compromised customer data. This breach, involving bribed […]

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Riot Platforms Boosts Bitcoin Mining with $200M Coinbase Credit Facility

Riot Platforms Boosts Bitcoin Mining with $200M Coinbase Credit Facility

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Riot Platforms Expands Bitcoin Mining with $200M Coinbase Credit Facility Riot Platforms, a leading U.S.-based Bitcoin mining company, has upsized its credit facility with Coinbase Credit from $100 million to $200 million, using its Bitcoin holdings as collateral. This strategic move aims to support initiatives such as purchasing new Bitcoin miners and enhancing renewable energy […]

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US DOJ Investigates Coinbase After $20M Hack: Bribery and Data Breach Uncovered

US DOJ Investigates Coinbase After $20M Hack: Bribery and Data Breach Uncovered

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US Justice Department Probes Coinbase Over $20 Million Ransom Hack In a shocking turn of events, Coinbase, the largest cryptocurrency exchange in the US, faces a $20 million ransom demand following a sophisticated hack. The U.S. Justice Department is now delving deep into this significant security breach, which was facilitated by bribing overseas Coinbase employees […]

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Coinbase Hit by Data Breach: Faces Lawsuits, SEC Probe, and $20M Ransom Demand

Coinbase Hit by Data Breach: Faces Lawsuits, SEC Probe, and $20M Ransom Demand

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Coinbase Faces Legal Firestorm Over Data Breaches and Privacy Violations Imagine waking up to find your personal details in the hands of hackers. This nightmare became a reality for thousands of Coinbase users on May 11, 2025, leading to a flurry of legal actions against the exchange. Coinbase, a titan in the U.S. cryptocurrency market, […]

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Coinbase Sued Over Biometric Data Violations in Illinois: Faces Millions in Penalties

Coinbase Sued Over Biometric Data Violations in Illinois: Faces Millions in Penalties

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Coinbase Faces Class-Action Lawsuit in Illinois Over Biometric Data Practices Over 10,000 Coinbase users in Illinois are part of a class-action lawsuit that could cost the company millions due to alleged violations of the state’s strict Biometric Information Privacy Act (BIPA). The lawsuit claims that Coinbase has been collecting and storing facial data during its […]

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Retired Artist Loses $2M in Crypto to Coinbase Impersonators: Security Breach Exposed

Retired Artist Loses $2M in Crypto to Coinbase Impersonators: Security Breach Exposed

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Coinbase Impersonators Swindle Retired Artist Out of $2 Million in Crypto Ed Suman, a 67-year-old retired artist, expected his golden years to be a time of peace and creativity. Instead, he became the victim of a cunning scam, losing over $2 million in Bitcoin and Ether to fraudsters impersonating Coinbase support staff. This incident not […]

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Coinbase Hack Exposes PayPal Mafia’s Roelof Botha, Stock Soars 9%

Coinbase Hack Exposes PayPal Mafia’s Roelof Botha, Stock Soars 9%

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Coinbase Breach Strikes PayPal Mafia Royalty, Sequoia Capital Boss Coinbase, the largest U.S. cryptocurrency exchange, suffered a security breach that compromised the personal data of high-profile individuals, including Sequoia Capital’s Managing Partner Roelof Botha. The hackers bribed customer service representatives in India to access sensitive information. Despite the breach, Coinbase’s stock price rose 9%, reflecting […]

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Coinbase CEO Rejects $20M Ransom, Offers Bounty After Data Breach

Coinbase CEO Rejects $20M Ransom, Offers Bounty After Data Breach

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Coinbase CEO Rejects $20M Ransom, Launches Bounty Following Data Breach On May 15, Coinbase faced a cyberattack where attackers demanded a $20 million Bitcoin ransom after compromising customer data through bribed overseas support agents. CEO Brian Armstrong took a firm stance against the hackers, refusing their demands and instead offering a $20 million bounty for […]

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Coinbase Data Breach Costs Up to $400M, Shakes Crypto Industry

Coinbase Data Breach Costs Up to $400M, Shakes Crypto Industry

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Coinbase Data Breach: A $400 Million Hit Amid Rising Crypto Cyber Threats Coinbase, a leading cryptocurrency exchange, has been hit with a significant data breach expected to cost the company between $180 million and $400 million. This breach, a stark reminder of the cybersecurity challenges in the crypto world, not only carries financial implications but […]

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