Coinbase also implemented extra customer safeguards, such as requiring additional ID checks on large withdrawals for flagged accounts and showing scam-awareness prompts to these accounts, the company ...

Compounding that AI-age naivete is excuse-making that insider threats are "rogue bad actors.” As reported on Forbes, Coinbase CEO Brian Armstrong lamented “the criminals have been approaching ...

This type of insider threat is not unique to Coinbase or the cryptocurrency industry. Data from the 2023 Verizon Data Breach Investigations Report (DBIR) reveals that 22% of breaches in 2022 were ...

Background of Coinbase’s May 2025 breach Coinbase, America’s largest cryptocurrency exchange, received an unsolicited email from an unknown threat actor on May 11, 2025. They claimed to ...

Coinbase rocked by $400M insider hack, launches $20M global bounty to hunt attackers. ... The attack came to light after an unknown threat actor emailed Coinbase on May 11.

In an era where AI accelerates both attack velocity and complexity, overlooking the risk of insider threats is negligent.

“The very recent cyberattack on Coinbase, the largest U.S. cryptocurrency exchange, is a clear warning that the crypto industry remains vulnerable to insider threats, this time because of ...

Less than 1% of Coinbase’s monthly transacting users have had their data exposed, Coinbase said. However, those users should “expect imposters,” the company warned .

It is also hardening its defenses by increasing investment in insider-threat detection and automated response, as well as simulating similar security threats to identify potential vulnerabilities.

Coinbase will never ask you to contact an unknown number to reach us.” The attackers contacted the company, claiming to have compromised customer information and demanded a $20 million payoff.

Coinbase was hacked on May 11, exposing sensitive personal data of less than 1% of users. Crypto traders should go the extra mile to enhance the security of their accounts.