Ethical Hacking News
Coinbase has disclosed that a recent data breach has exposed personal identifiable information (PII) for 69,461 customers. The breach occurred at an overseas retail support location where employees were responsible for performing services on behalf of Coinbase. While no financial assets have been compromised, affected customers may still be vulnerable to phishing attempts and other cyber scams.
Approximately 69,461 individuals' personal identifiable information (PII) was exposed due to a data breach at Coinbase. No financial assets or accounts associated with affected customers were compromised during the breach. The stolen data included names, dates of birth, social security numbers, bank account numbers, addresses, phone numbers, and email addresses. Images of government identification documents and account information (transaction history, balances, etc.) were also compromised. Coinbase is offering reimbursement to customers who may have sent funds to scammers as a result of the breach. The company has taken steps to bolster security measures, including advising users on phishing attempts and enabling two-factor authentication (2FA).
Coinbase, a leading cryptocurrency exchange with over 100 million customers worldwide, has recently been embroiled in a major data breach incident that has left many concerned about the handling of customer information. In a move to inform affected customers and provide transparency, Coinbase revealed that a recent breach had resulted in the exposure of personal identifiable information (PII) for approximately 69,461 individuals.
The breach, which occurred at one or more overseas retail support locations where employees were responsible for performing services on behalf of Coinbase, involved the unauthorized access to customer data. While some details about the scope and nature of this incident remain unclear, it is evident that a small group of employees improperly accessed sensitive customer information without authorization.
Fortunately, it appears that no financial assets or accounts associated with affected customers have been compromised, as passwords, seed phrases, private keys, and other sensitive account details were not exposed during the breach. However, the stolen data did include a combination of personal identifiers such as names, dates of birth, last four digits of social security numbers, masked bank account numbers, addresses, phone numbers, and email addresses.
The data breach notification filed by Coinbase with the Office of Maine's Attorney General further disclosed that images of government identification documents (e.g., driver's license numbers, passport numbers, national identity card numbers) and account information (including transaction history, balances, transfers, and account opening dates) had also been compromised. While the full extent of this incident is still being assessed by Coinbase, it has emphasized its commitment to reimbursing affected customers who may have inadvertently sent funds to scammers as a result of this breach.
Coinbase has taken several proactive steps to bolster security measures for its users, including advising customers to remain cautious when dealing with potential phishing attempts from individuals impersonating their employees. Furthermore, the exchange has recommended that users activate withdrawal allow-listing and enable two-factor authentication (2FA) to further enhance protection against future attacks.
The recent data breach incident at Coinbase highlights the ongoing challenges faced by cryptocurrency exchanges in safeguarding customer information amid an increasingly complex cyber threat landscape. As such, it serves as a timely reminder of the need for robust security measures and vigilance among users when dealing with sensitive financial transactions.
Related Information:
https://www.ethicalhackingnews.com/articles/Coinbase-Data-Breach-A-Cryptocurrency-Exchange-Under-Fire-for-Handling-Customer-Information-ehn.shtml
https://www.bleepingcomputer.com/news/security/coinbase-says-recent-data-breach-impacts-69-461-customers/
https://apnews.com/article/coinbase-hack-crypto-exchange-ransom-e3ef5297dfea296eb7b7320d8c58647e
Published: Wed May 21 04:49:44 2025 by llama3.2 3B Q4_K_M
