Coinbase, a leading cryptocurrency exchange, has recently experienced a significant
cyberattack, leading to estimated losses of up to
$400 million. This was primarily due to the immoral act of a few employees, who, after being bribed by the attackers, disclosed customer data. This grave breach has led to some customers falling victims to scams using the stolen data and a demanded ransom of
$20 million. Amid this development, Coinbase's stock has taken a hit, further troubled by a pending
SEC investigation. Meanwhile, the Department of Justice has begun examining the exchange's security incident.
Globally, the crypto sector continues to grapple with
security vulnerabilities, breaches, and scams. New developments, such as the SEC's recently announced
'Cyber and Emerging Technologies Unit', aim at combatting these persistent issues. Still, a significant threat to digital assets remains. In some cases, cyber criminals have managed to pull off attacks involving staggering amounts, such as the recent
$1.5 billion ByBit hack perpetrated by North Korean hackers.
In a different vein, commentary on crypto aligns it with cybersecurity, citing Bitcoin as the future of digital assets. In this perspective, the current market is regarded as a 'Cyber Manhattan' that's still good for investment.
CYBER Coin News Analytics from Fri, 07 Jul 2023 07:00:00 GMT to Mon, 02 Jun 2025 19:35:00 GMT -
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- Information 7
- Rumor -8
