@sebastiahn
Coinbase, the largest U.S. crypto exchange, reported a cyberattack on May 11, 2025, breaching a small subset of customer data, including names and emails. The attack could cost $180-$400 million, prompting a $20 million reward for information. The U.S. Department of Justice is investigating, highlighting cybersecurity vulnerabilities in crypto. Coinbase assures no login credentials were compromised, but consumer confidence may waver. The incident underscores the need for robust security as crypto adoption grows. Regulatory scrutiny of exchanges is expected to intensify.
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