Coinbase reveals: almost 70,000 users affected by data theft

By Hannah Pérez

A presentation before the authorities of Maine, USA, reveals that the data of 69,461 Coinbase users were committed to a violation of December 2024. It is the same as the exchange reported last week.

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• Coinbase revealed last week that cybercriminals managed to steal user data.
• A presentation reveals that the data of 69,461 Coinbase users were compromised.
• Until now the exact number of affected and the original date of the violation was unknown.
• The US Department of Justice investigates and there are those who warn of mortal risks.

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Coinbasethe largest cryptocurrency exchange in the United States, has provided new information about the security incident that facilitated malicious actors to access user data.

Last week, the company reported that cybercounts managed Coinbase, after having bribed members of the customer service staff of the exchange.

In a blog post, Coinbase He said that data as passwords had not been violated, ensuring that the event had affected less than 1% of its active users monthly. But did not provide precise figures on the incident.

Now, new details about data theft have arisen in a presentation before the office of the MAINE attorney general, which details that the personal data of almost 70,000 would have been compromised.

In particular, the information, which was first reported by The Blockit reflects that A December 2024 violation would have compromised the data of 69,461 users. The presentation says that the security gap was discovered on May 11, 2025, a date that coincides with a disclosure presented to the US stock and values ​​commission. UU. (SEC).

This would be the first time Coinbase details the original date of the incident.

Massive theft of data in Coinbase

Coinbase He said last week that, after stealing the data, the robbers tried to blackmail the company for a sum of USD $ 20 million in Bitcoin in exchange for not revealing the violation.

The robbers sent an email to Coinbase on May 11 in which they tried to extort the platform. However, the exchange rejected such an order. Instead, the company based in San Francisco launched a reward for the same amount in exchange for information that leads to the arrest and condemnation of those responsible for the attack.

The personnel involved in the violation were dismissed immediately, said the company, who assured that he has contacted the agencies of application of the law in the United States and international level. The Department of Justice is now investigating the violation, at the request of Coinbasethe CEO Brian Armstrong shared.

Coinbase He warned that data theft could cause –or have already caused–Social Engineering Scam programs, where malicious actors are passed through exchange staff to empty user cryptocurrency accounts.

The exchange promised to reimburse those who were deceived to send funds to criminals, estimating in a presentation to the SEC an expense of between USD $ 180 million and USD $ 400 million for remediation and customer reimbursements.

MORE RISK FOR COINBASE Users

In response to this incident, the founder of TechcrunchMichael Arrington has shared his concerns, warning that stolen data could lead to deaths in the middle of a wave of physical aggressions to cryptocurrency investors.

Arrington condemned KYC controls (meet your client), which force centralized platforms to handle data from thousands of users, calling them ineffective and dangerous. He also criticized the response of Coinbase. “The human cost, called in misery, is much greater than the $ 400 m more or less that they think it will really cost the company to reimburse people”said.

About three months ago, the ZachxbT detective reported that users of Coinbase They had lost USD $ 300 million due to social engineering scams at the hands of attackers who act as customer service representatives.

Coinbase He had more than 100 million registered users for the beginning of 2025.

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Hannah Estefanía Pérez / Diariobitcoin

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