Close Menu
Cryprovideos
    What's Hot

    Bitcoin Eyes Bounce off This Assist Degree In Reversal Marketing campaign For $121,000

    July 26, 2025

    Dogecoin Founder Feedback on The Making of DOGE With Zuckerberg Reference: Particulars

    July 26, 2025

    Is FLOKI an excellent funding?

    July 26, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Coinbase Confirms DOJ Investigation Following Main Safety Incident
    Coinbase Confirms DOJ Investigation Following Main Safety Incident
    Crypto News

    Coinbase Confirms DOJ Investigation Following Main Safety Incident

    By Crypto EditorMay 19, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The US Division of Justice (DOJ) has initiated an investigation into a major safety breach at Coinbase, the most important US-based cryptocurrency alternate. 

    In line with sources conversant in the matter cited by Bloomberg, the DOJ’s felony division in Washington is inspecting the circumstances surrounding the breach, which has raised severe issues about cybersecurity inside the crypto sector.

    Coinbase Collaborates With DOJ Amid Main Knowledge Breach 

    Coinbase disclosed that the breach concerned felony actors bribing staff and contractors in India to realize entry to delicate shopper information. Paul Grewal, Chief Authorized Officer of Coinbase, acknowledged: 

    Now we have notified and are working with the DOJ and different US and worldwide regulation enforcement companies and welcome regulation enforcement’s pursuit of felony fees towards these unhealthy actors.

    Importantly, the alternate’s CLO clarified that whereas Coinbase itself shouldn’t be beneath investigation, the DOJ is targeted on the criminals concerned within the breach.

    The incident first got here to mild when Coinbase obtained an electronic mail from an unidentified risk actor on Could 11, claiming to own details about sure buyer accounts alongside inside paperwork. The corporate anticipates losses starting from $180 million to $400 million because of the cyberattack.

    $20 Million Reward Fund After Rejecting Ransom 

    Whereas the attackers managed to steal some information, together with names, addresses, and electronic mail addresses, the alternate confirmed that login credentials and passwords weren’t compromised. 

    In a press release on Could 15, Coinbase reassured its customers through social media platform X (previously Twitter) that it might not succumb to the attackers’ calls for. The criminals had requested a ransom of $20 million. 

    As a substitute of paying the ransom, Coinbase introduced the institution of a $20 million reward fund aimed toward encouraging data resulting in the arrest and conviction of these liable for the assault.

    Coinbase Confirms DOJ Investigation Following Main Safety Incident

    On the shut of buying and selling on Monday, the corporate’s inventory (COIN) was buying and selling at $263.

    Featured picture from DALL-E, chart from TradingView.com 



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Arthur Hayes-Backed Altcoin Outpaces Crypto Market Amid Launch of New Partnership With Anchorage Digital – The Day by day Hodl

    July 26, 2025

    Finest Crypto to Purchase Now After Galaxy’s $9B Bitcoin Dump

    July 26, 2025

    Injective Tokenizes SharpLink’s ETH Treasury, Igniting DeFi Revolution

    July 26, 2025

    DOJ Might Cost Crypto VC Agency Backing Twister Money

    July 26, 2025
    Latest Posts

    Bitcoin Eyes Bounce off This Assist Degree In Reversal Marketing campaign For $121,000

    July 26, 2025

    Bitcoin Adoption: UK-Primarily based The Smarter Internet Firm Provides 225 BTC To Its Holdings | Bitcoinist.com

    July 26, 2025

    Ethereum ETFs Steal the Highlight from Bitcoin ‣ BlockNews

    July 26, 2025

    Finest Crypto to Purchase Now After Galaxy’s $9B Bitcoin Dump

    July 26, 2025

    SharpLink Nabs BlackRock Exec Who Helped Launch Bitcoin, Ethereum ETFs – Decrypt

    July 26, 2025

    Bitcoin Surge Units Stage for Altcoins and Meme Tokens ‣ BlockNews

    July 26, 2025

    Bitcoin Shortage Deepens: Much less Than 5.3% Left to Mine

    July 26, 2025

    XRP Types Loss of life Cross Towards Bitcoin, Shiba Inu Rockets 25,587% in Whale Exercise, Satoshi-Period Bitcoin Whale Wakes Up After 14.5 Years: Crypto Information Digest

    July 26, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Notorious Crypto Hacker Behind Almost $11,000,000,000 Bitfinex Exploit Sentenced to 5 Years in Jail – The Each day Hodl

    November 17, 2024

    Cardano (ADA) Jumps to Prime Part of Weiss Crypto Rating

    November 23, 2024

    Crypto Bull Market A lot Nearer To Finish Than We Understand, Warns Analyst Jason Pizzino – The Every day Hodl

    December 27, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.