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Hosein🎩🔵
@hosein
Coinbase disclosed a cyberattack in which hackers attempted to extort $20 million using stolen customer data. Simultaneously, the SEC is investigating whether Coinbase misled investors about user metrics during its 2021 IPO. Despite an initial 7% drop in stock price following the news, shares rebounded quickly as analysts downplayed the incidents as isolated and non-material to the company’s long-term outlook, with many reiterating bullish ratings and seeing the dip as a buying opportunity.
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