coinbasehacked
612 views
3 Discussing
Hot
Latest
šØBreaking NewsšØ
$BNB $XRP $LTC
š”ļø Security & Crime: Coinbase Hack and France's Wave of Crypto Kidnappings:
ā¢ Coinbase Data Breach: Coinbase revealed a large data breach on less than 1% of its 9.7 million monthly customers. Hackers bribed customer support staff abroad to obtain sensitive user data, such as government identification and financial information. The hack will cost the company between $180 million and $400 million in remediation and payouts.
ā¢ Crypto Kidnappings in France: France is facing an upsurge in kidnappings of cryptocurrency businessmen and their relatives. Some notable cases are the attempted kidnapping of Pierre Noizat's granddaughter and grandson, and the kidnapping of Ledger co-founder David Balland, who was severely injured. These kidnappings, usually carried out by organized criminal groups associated with international drug cartels, have led the French government to improve security for crypto professionals.
šļø Regulation: U.S. Senate moves stablecoin legislation forward:
ā¢ GENIUS Act Advancement: The U.S. Senate is on the verge of approving the GENIUS Act, a key bill providing a regulatory framework for stablecoins. The legislation requires stablecoins to maintain reserves in secure, liquid assets and adhere to anti-money-laundering and terrorism finance regulations and offer bankruptcy protections to owners. This represents a historic milestone towards the integration of digital assets into the mainstream financial system.
š Market Movements: Pi Network Spike and Litecoin Outperformance:
ā¢ Pi Network (PI): The Pi Network coin spiked 17% to $1.25 on May 14, ahead of a significant ecosystem announcement. The token held bullish momentum despite overbought signals.
ā¢ Litecoin (LTC): Litecoin beat the overall cryptocurrency market, posting a 4.99% increase versus Bitcoin. The coin is trading 19.82% higher than price estimates for May 17, 2025, based on high investor demand.
#pi #LTC #CryptoNewss #coinbasehacked #CryptoKidnappings
š”ļø Security & Crime: Coinbase Hack and France's Wave of Crypto Kidnappings:
ā¢ Coinbase Data Breach: Coinbase revealed a large data breach on less than 1% of its 9.7 million monthly customers. Hackers bribed customer support staff abroad to obtain sensitive user data, such as government identification and financial information. The hack will cost the company between $180 million and $400 million in remediation and payouts.
ā¢ Crypto Kidnappings in France: France is facing an upsurge in kidnappings of cryptocurrency businessmen and their relatives. Some notable cases are the attempted kidnapping of Pierre Noizat's granddaughter and grandson, and the kidnapping of Ledger co-founder David Balland, who was severely injured. These kidnappings, usually carried out by organized criminal groups associated with international drug cartels, have led the French government to improve security for crypto professionals.
šļø Regulation: U.S. Senate moves stablecoin legislation forward:
ā¢ GENIUS Act Advancement: The U.S. Senate is on the verge of approving the GENIUS Act, a key bill providing a regulatory framework for stablecoins. The legislation requires stablecoins to maintain reserves in secure, liquid assets and adhere to anti-money-laundering and terrorism finance regulations and offer bankruptcy protections to owners. This represents a historic milestone towards the integration of digital assets into the mainstream financial system.
š Market Movements: Pi Network Spike and Litecoin Outperformance:
ā¢ Pi Network (PI): The Pi Network coin spiked 17% to $1.25 on May 14, ahead of a significant ecosystem announcement. The token held bullish momentum despite overbought signals.
ā¢ Litecoin (LTC): Litecoin beat the overall cryptocurrency market, posting a 4.99% increase versus Bitcoin. The coin is trading 19.82% higher than price estimates for May 17, 2025, based on high investor demand.
#pi #LTC #CryptoNewss #coinbasehacked #CryptoKidnappings
Bashboosh:
17%
$COINBASE Breach: $20M BTC Ransom Demand Sparks Mixed Market Reactions
A major data breach has hit $CoinBase with hackers claiming access to sensitive user data. Names, emails, phone numbers, addresses
Last 4 digits of SSN
Masked bank info and identifiers
Government-issued IDs (passports, licenses) Wallet balances & transaction history Some internal corporate materials The attackers are demanding $20M in Bitcoin to avoid releasing the data. But CEO Brian Armstrong is refusing to negotiate ā instead offering a $20M bounty for info leading to their arrest.
#bearish sentiment:
Loss of user trust in centralized exchanges Increased scrutiny on KYC and data handling Potential short-term price pressure on #coin
#bullish sentiment:
Strong security stance by Coinbase boosts long-term reputation
No funds were reportedly stolen ā only data compromised
Reinforces the need for decentralized identity solutions
Security Tip for Users
Reset passwords, enable 2FA, monitor for phishing, and consider a credit freeze.
#coinbasehacked #BearishNews #BullishResilience #CryptoSecurity $BTC $ETH
Last 4 digits of SSN
Masked bank info and identifiers
Government-issued IDs (passports, licenses) Wallet balances & transaction history Some internal corporate materials The attackers are demanding $20M in Bitcoin to avoid releasing the data. But CEO Brian Armstrong is refusing to negotiate ā instead offering a $20M bounty for info leading to their arrest.
#bearish sentiment:
Loss of user trust in centralized exchanges Increased scrutiny on KYC and data handling Potential short-term price pressure on #coin
#bullish sentiment:
Strong security stance by Coinbase boosts long-term reputation
No funds were reportedly stolen ā only data compromised
Reinforces the need for decentralized identity solutions
Security Tip for Users
Reset passwords, enable 2FA, monitor for phishing, and consider a credit freeze.
#coinbasehacked #BearishNews #BullishResilience #CryptoSecurity $BTC $ETH
COINBASE HACKED BY A DATA BREACH, REFUSES TO PAY $20 MILLION RANDOM.š°
The Breach Affected Less Than 1% Of Monthly Transacting Users, According To The Company.
#Coinbase Reported No Access To Passwords, Private Keys, Or Funds And Continues Cooperating With Law Enforcement On The Investigation.
#Coinbase CEO āBrian Armstrongā Addressed The Incident Publicly, Saying, "We Are Not Going To Pay Your Ransomā¦ Instead, We're Putting Out A $20 Million Award For Any Information Leading To The Arrest And Conviction Of These Attackers.
#CoinbaseExchange. #coinbasehacked #coinbasehack
$BTC
$ETH
$XRP
The Breach Affected Less Than 1% Of Monthly Transacting Users, According To The Company.
#Coinbase Reported No Access To Passwords, Private Keys, Or Funds And Continues Cooperating With Law Enforcement On The Investigation.
#Coinbase CEO āBrian Armstrongā Addressed The Incident Publicly, Saying, "We Are Not Going To Pay Your Ransomā¦ Instead, We're Putting Out A $20 Million Award For Any Information Leading To The Arrest And Conviction Of These Attackers.
#CoinbaseExchange. #coinbasehacked #coinbasehack
$BTC
$ETH
$XRP
Login to explore more contents