Coinbase Breach Hits 69,000 Users
Crypto exchange Coinbase confirmed that a December 2024 breach exposed personal data from 69,461 users, according to a new filing with the Maine Attorney General’s Office.
Hackers demanded $20 million in ransom, threatening to leak the stolen information on the dark web. The attackers reportedly bribed overseas customer service agents to access internal systems.
Coinbase said the stolen records included names, email addresses, and home addresses—typical know-your-customer (KYC) data. However, it emphasized that no passwords, crypto wallets, or user funds were compromised.
The incident impacted less than 1% of Coinbase’s total user base, the company noted in a separate SEC filing.
In response to the breach, Coinbase requested a Department of Justice investigation, now in progress, according to CEO Brian Armstrong.
Meanwhile, the SEC has reportedly launched an inquiry into whether Coinbase misrepresented user data ahead of its 2021 IPO.
The breach raises fresh concerns about internal security and employee access, especially in high-stakes financial platforms.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
