Key dealers
- Coinbase revealed a data violation that affected 69,000 users, caused by insider access.
- Influenced customers receive free credit monitoring and protection of identity theft.
Coinbasees recently revealed data leakage, which was the result of staff performance, hit over 69,000 users, including up to 200 in Maine, the company said in a File with the Maine authorities.
The incident, which occurred at the end of December 2024, went undetected until May 11, 2025, according to the disclosure.
Coinbase said it offers affected users for a year with free credit monitoring and identity protection through IDX as part of their effort to mitigate the damage. The package includes identity reset, dark web monitoring and an insurance policy of $ 1 million.
The violation was first reported by Coinbase on May 15, when the company said that extortionists had consisted of foreign customer support agents to obtain unauthorized access to user data. The attackers reportedly demanded a solution of $ 20 million in exchange for not leaking the stolen information.
Instead of following the requirements, coinbase Offers an amount of $ 20 million For information that leads to the arrest of those responsible. The company also stated that it would replace affected users.
While the compromised data contains sensitive personal information, Coinbase confirmed that private keys and the direct account were not affected.
After its first report on the incident, Coinbase told Bloomberg this week that the company is Works with the US Justice Department and other domestic and international law enforcement authorities to investigate the case.
The insider -driven exposure to data has led to a wave of moods against Coinbase, with the plaintiff in several US states claiming that the company failed to implement sufficient security measures to protect user information.
In addition to seeking damages for the injury, certain moods require coinbase purge affected data and engage independent security auditors to prevent future incidents.
