Coinbase, Ransom and Cybercriminals Stole Customer Data
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Instead of paying the $20 million ransom, Coinbase offered the same amount of money for information leading to the attackers.
The SEC is reportedly investigating Coinbase over claims it overstated user numbers in past filings — just days before its entry into the S&P 500.
Coinbase Global Inc. is cooperating with the US Securities and Exchange Commission on an agency probe into its previously reported user metrics, the company said Thursday.
Coinbase Global shares tumbled Thursday after the company said it had been the victim of a cyberattack, and as a report emerged the Securities and Exchange Commission is investigating the platform.
Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.
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Attackers used the data to contact victims and trick them into sending money.