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Coinbase faces Doj examinations after Leck of customer data

Coinbase faces Doj examinations after Leck of customer data

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The US Justice Ministry (DOJ) has initiated an investigation of the recent security violation at Crypto Exchange Coinbase (Nasdaq: Coin). The violation contained a leak of internal documents and data associated with a “small subset” of customer accounts, which perpetrators were accessible to overseas through bribes.

First registered by BloombergThe Chief Legal Officer from Coinbase, Paul Grewal, citing “a person familiar with the matter” also confirmed that the investigation is underway.

Paul Grewal, Chief Legal Officer, Coinbase, Source: LinkedIn

“We have informed the Doj and other US and international law enforcement agencies and welcome the pursuit of criminal prosecution against these bad actors,” said Grewal.

The DOJ did not comment on the investigation publicly.

A socially constructed attack

Coinbase announced the violation last week after the perpetrators contacted the company and asked for a ransom of 20 million US dollars. The stock exchange refused to pay and instead offered a reward of 20 million US dollars for information that led to the identification of those responsible.

The stolen data includes names, addresses, e -mails, accounts, masked bank details and partly social security numbers. It is important that private keys and passwords were not accessed, and Coinbase confirmed that Prime accounts were not affected.

The incident was illuminated on May 11th when Coinbase received an e -mail from an unidentified threat player who asserted access to internal documents and the details of certain customer accounts. The stock exchange now expects the financial effects of the cyber attack between 180 and 400 million US dollars.

Is Coinbase's security now questionable?

Despite the latest violation, Coinbase remains one of the few large crypto exchanges that were not previously affected by a cyber attack on a full scale.

At the beginning of this year, BYBIT suffered a record of 1.5 billion US dollars cryptodieft, which was allegedly carried out by the North Korea Lazarus Group, which used weaknesses in the infrastructure of the cold wallets. In 2022, Binance, the world's largest crypto exchange according to volume, also fell victim to a violation of a violation of 2 million BNB tokens with a value of around 570 million dollars at this point in time.

In the meantime, Coinbase was added to the S&P 500 index yesterday, which replaced discover Financial Services. The stock exchange, based in the United States, has also agreed to acquire the Deribit crypto option platform for $ 2.9 billion, and is reportedly offering the acquisition of StableCoin issue group.

The US Justice Ministry (DOJ) has initiated an investigation of the recent security violation at Crypto Exchange Coinbase (Nasdaq: Coin). The violation contained a leak of internal documents and data associated with a “small subset” of customer accounts, which perpetrators were accessible to overseas through bribes.

First registered by BloombergThe Chief Legal Officer from Coinbase, Paul Grewal, citing “a person familiar with the matter” also confirmed that the investigation is underway.

Paul Grewal, Chief Legal Officer, Coinbase, Source: LinkedIn

“We have informed the Doj and other US and international law enforcement agencies and welcome the pursuit of criminal prosecution against these bad actors,” said Grewal.

The DOJ did not comment on the investigation publicly.

A socially constructed attack

Coinbase announced the violation last week after the perpetrators contacted the company and asked for a ransom of 20 million US dollars. The stock exchange refused to pay and instead offered a reward of 20 million US dollars for information that led to the identification of those responsible.

The stolen data includes names, addresses, e -mails, accounts, masked bank details and partly social security numbers. It is important that private keys and passwords were not accessed, and Coinbase confirmed that Prime accounts were not affected.

The incident was illuminated on May 11th when Coinbase received an e -mail from an unidentified threat player who asserted access to internal documents and the details of certain customer accounts. The stock exchange now expects the financial effects of the cyber attack between 180 and 400 million US dollars.

Is Coinbase's security now questionable?

Despite the latest violation, Coinbase remains one of the few large crypto exchanges that were not previously affected by a cyber attack on a full scale.

At the beginning of this year, BYBIT suffered a record of 1.5 billion US dollars cryptodieft, which was allegedly carried out by the North Korea Lazarus Group, which used weaknesses in the infrastructure of the cold wallets. In 2022, Binance, the world's largest crypto exchange according to volume, also fell victim to a violation of a violation of 2 million BNB tokens with a value of around 570 million dollars at this point in time.

In the meantime, Coinbase was added to the S&P 500 index yesterday, which replaced discover Financial Services. The stock exchange, based in the United States, has also agreed to acquire the Deribit crypto option platform for $ 2.9 billion, and is reportedly offering the acquisition of StableCoin issue group.

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