Coinbase Says Cybersecurity Incident Could Cost It $400 Million

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 ...