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Largest US cryptocurrency exchange, publicly traded on NASDAQ. Regulated platform with custody, staking, and institutional services.
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Cybercriminals bribed overseas support contractors to access internal tools, exposing personal data (names, addresses, government IDs) of roughly 1 million users. Coinbase estimated costs exceeding $400 million for remediation and reimbursements.
Source ↗Attackers exploited a vulnerability in Coinbase's SMS-based two-factor authentication process to bypass account protections and steal cryptocurrency from at least 6,000 customer accounts.
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