SAN FRANCISCO, May 23, 2025 (GLOBE NEWSWIRE) -- On May 15, 2025, investors in Coinbase Global, Inc. (NASDAQ: COIN) saw the price of their shares slide about 7% after the company announced that it experienced a material cybersecurity incident, raising questions about the adequacy of its internal controls and disclosure processes. Hagens Berman has opened an investigation into possible securities law violations and urges Coinbase investors who suffered substantial losses to submit your losses now. The firm al ...

In Brief Coinbase said at least 69,461 customers had personal and financial information stolen during a months-long data breach that it disclosed last week.The crypto giant confirmed the number of affected customers in a filing with Maine’s attorney general on Wednesday, as required by the state’s data breach notification law.  Coinbase’s filing said the breach dates back to December 26, 2024, and continued until earlier this month, when the company said it received a “credible” ransom note from the hacker ...

Group 1 - The article discusses Coinbase (COIN) as the only pure-play cryptocurrency stock, which attracts investors due to the lack of alternatives in the market [1] - The author previously maintained a 'hold' position on Coinbase, indicating a cautious approach to investment in the stock [1] Group 2 - There is a potential for the author to initiate a short position in Coinbase within the next 72 hours, suggesting a shift in sentiment towards the stock [1]

Robinhood, Nu, and Coinbase are all great long-term investments.Many financial stocks endured wild swings over the past few years as interest rates spiked and fell. Rising rates throttled economic growth and drove many investors away from stocks, cryptocurrencies, and other riskier investments. While higher rates helped banks and other lenders collect higher interest payments, they also caused individuals and businesses to take out fewer loans.But over the long term, many financial stocks should continue to ...

Coinbase disclosed that the cybersecurity incident it reported Thursday (May 15) could cost it as much as $400 million.The company’s investigation into the incident is still underway, so the full impact of the cyberattack is not yet known, Coinbase said in a filing with the Securities and Exchange Commission (SEC).“Based on the information available to the Company on the date hereof and based on facts that continue to evolve, the Company has preliminarily estimated expenses to be within the range of approxi ...

Coinbase Global (COIN -7.35%) will be added to the S&P 500 (^GSPC 0.41%) before the stock market opens on Monday, May 19. The stock has rocketed 643% higher since January 2023, but certain Wall Street analysts still anticipate substantial gains in the next year.Joseph Vafi at Canaccord Genuity and Devin Ryan at Citizens JMP have set Coinbase with target prices of $400 per share. That implies 52% upside from the current share price of $263. Read on to learn more about this cryptocurrency stock. Statistics sa ...

Coinbase Global reportedly said Thursday (May 15) that it is cooperating with the Securities and Exchange Commission (SEC) on the agency’s investigation into how the cryptocurrency exchange used to report its user metrics.The company said the SEC is looking into whether Coinbase overstated the number of unique users in past disclosures, Bloomberg reported Thursday.“This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully di ...

PITTSBURGH, May 15, 2025 (GLOBE NEWSWIRE) -- Coinbase recently announced a cybersecurity incident, which impacted the personal information of potentially millions of individuals. The information potentially impacted in the data breach includes customer names, postal and email addresses, phone numbers, and the last four-digits of users’ Social Security numbers. The hacker also took masked bank account numbers and some banking identifiers, as well as customers’ government-issued identity documents, such as dr ...

Coinbase on Thursday confirmed the U.S. Securities and Exchange Commission has been investigating whether the crypto exchange has misstated its user numbers.The stock was last lower by 6%.The inquiry focuses on the number of "verified users" reported by the company, which it has claimed is more than 100 million in various securities filings and marketing materials, according to The New York Times, which first reported the story that sent the stock lower. The investigation began during the Biden administrati ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Coinbase logo covers the Nasdaq MarketSite in New York's Times Square, April 14, 2021. Credit: AP Photo/Richard Drew, File Coinbase, the largest cryptocurrency exchange based in the U.S., said Thursday that criminals had improperly obtained personal data on the exchange's customers for use in crypto-stealing scams and were d ...