data breach

Coinbase Faces Multiple Lawsuits After User Data Breach: Report 

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Coinbase Faces Multiple Lawsuits After User Data Breach: Report 

Coinbase’s troubles after a recent user data breach have intensified on the legal front over the weekend. At least six lawsuits have been filed against the US-based exchange following the cybersecurity incident, a report by CoinTelegraph claimed on Monday. The exchange, in these legal filings, has been accused of failing to protect user security and … Read more

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

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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