According to BlockBeats, on May 16, Coinbase's stock price fell by 8.11%.
Earlier market news said that hackers had access to Coinbase's customer data since January this year, and the data leak is expected to cause losses of up to US$400 million.
Meanwhile, the SEC is investigating whether Coinbase misreported the number of users in past disclosures, according to four people familiar with the matter. The investigation, which began under the Biden administration, continues under Trump. The previously undisclosed investigation focuses on Coinbase's claim in securities filings and promotional materials that it has more than 100 million "verified users."