Core Insights - Coinbase has experienced a significant cybersecurity incident affecting the personal information of potentially millions of individuals [1] - The breach involved the theft of sensitive data including customer names, addresses, phone numbers, Social Security numbers, bank account details, and government-issued identity documents [1] - Lynch Carpenter, LLP is investigating claims against Coinbase related to this data breach, offering potential compensation to affected customers [2] Company Impact - The data breach at Coinbase raises concerns about the security measures in place to protect customer information [1] - The incident could lead to legal repercussions for Coinbase, as customers may seek compensation for the breach [2] Industry Context - The incident highlights the growing risks associated with cybersecurity in the financial technology sector, particularly for companies handling sensitive personal data [1] - Legal firms like Lynch Carpenter are increasingly involved in class action lawsuits related to data privacy, indicating a trend towards greater accountability for companies in the event of data breaches [2][3]

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 ...

Coinbase is reimbursing users following a data breach that turned into an extortion attempt.The breach happened when cybercriminals convinced “a small group” of company insiders to copy the data from its customer support tools for less than 1% of Coinbase’s monthly transacting users, according to a Thursday (May 15) company blog post.“Their aim was to gather a customer list they could contact while pretending to be Coinbase — tricking people into handing over their crypto,” the post said. “They then tried t ...

Coinbase on Thursday reported that cyber criminals bribed overseas support agents to steal customer data to use in social engineering attacks. The incident may cost Coinbase up to $400 million to fix, the company estimated.The crypto exchange operator received an email on May 11 from someone claiming they obtained information about certain Coinbase customer accounts as well as other internal Coinbase documentation, including materials relating to customer-service and account-management systems, Coinbase rep ...

Crypto giant Coinbase has confirmed its systems have been breached and customer data, including government-issued identity documents, were stolen.In a legally required filing with U.S. regulators, Coinbase said a hacker this week told the company that they had obtained information about customer accounts, and demanded money from the company in exchange for not publishing the stolen data. Coinbase said the hacker “obtained this information by paying multiple contractors or employees working in support roles ...

Group 1 - Nebula Fund is an investment firm focused on transformative opportunities in technology and emerging industries, utilizing a data-driven approach and commitment to innovation [2] - The firm invests in sectors such as AI, quantum computing, clean energy, fintech, and next-gen infrastructure, aiming to shape the future [2] - Insights provided by Nebula Fund are based on rigorous analysis, macro trend forecasting, and engagement with visionary founders and disruptive ventures [2] Group 2 - The firm emphasizes providing actionable intelligence at the intersection of capital and innovation, rather than merely following market trends [2]

Core Insights - Coinbase Global (COIN) will enter the S&P 500 Index on May 19, replacing Discover Financial Services, leading to a 24% increase in its stock price, the largest rally since the day after President Trump's election victory [1] - Coinbase is the first digital asset company included in the S&P 500, indicating a growing acceptance of cryptocurrency firms in mainstream finance [2][3] - Analysts predict that Coinbase could attract up to $16 billion in capital inflows due to its S&P 500 inclusion, with Oppenheimer raising its price target for Coinbase to $293 from $269 [4] Company Performance - Coinbase reported earnings per share of $1.94 for Q1 2025, exceeding estimates by 4.9% and showing a year-over-year increase of 7.6%, while revenues grew 24% year-over-year to $2.0 billion but missed estimates by 4.1% [6] - The potential acquisition of Deribit for $2.9 billion is expected to enhance Coinbase's growth and profitability, positioning it as a leader in crypto derivatives [7] Investment Opportunities - Several ETFs provide exposure to Coinbase, including: - First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), with Coinbase holding a 17.8% share [8] - Global X Blockchain ETF (BKCH), where Coinbase accounts for 12.5% of the assets [11] - Fidelity Crypto Industry and Digital Payments ETF (FDIG), with Coinbase at 13.7% [12] - iShares Blockchain and Tech ETF (IBLC), which includes Coinbase among its 36 stocks [14] - Bitwise Crypto Industry Innovators ETF (BITQ), where Coinbase holds a 10.2% share [16]

Coinbase Global, Inc. (NASDAQ:COIN) Annual JPMorgan Global Technology, Media and Communications Conference May 14, 2025 10:00 AM ET Company Participants Emilie Choi - President & COO Alesia Haas - CFO Conference Call Participants Ken Worthington - JPMorgan Ken Worthington Good morning everybody. Thank you so much for joining at this year's JPMorgan TMC conference for the Fireside Chat with Coinbase. I'm excited to host Emilie Choi, President and Chief Operating Officer; and Alesia Haas, Chief Financial Offi ...

Coinbase Global (COIN) FY Conference May 14, 2025 10:00 AM ET Speaker0 morning, everybody. Thank you so much for joining at this year's JPMorgan TMC conference for the fireside chat with Coinbase. I'm excited to host Emily Choi, president and chief operating officer, and Alicia Haas, chief financial officer at Coinbase. Coinbase is a $50,000,000,000 crypto market platform that facilitates trading, staking, custody of crypto tokens as well as other broader engagement with the crypto ecosystem. So before we b ...