Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack

Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack

Coinbase recently disclosed a cyberattack on its network. As part of the attack, cybercriminals managed to steal funds from exposed users under false claims. The crypto exchange said it will voluntarily reimburse users affected by the data breach. In a filing with the US Securities and Exchange Commission (SEC), the exchange preliminarily estimated that these … Read more

Coinbase CEO Concerned About Tokens Flooding Market, Says Thorough Evaluation No Longer Feasible 

Coinbase CEO Concerned About Tokens Flooding Market, Says Thorough Evaluation No Longer Feasible 

Coinbase CEO Brian Armstrong has raised concerns about the rising number of crypto tokens flooding the market. In a post on X Sunday, Armstrong claimed one million crypto tokens were being created on a weekly basis. With the massive influx of new tokens, he said, evaluating each token was no longer feasible. As per CoinMarketCap, … Read more