Foresight News reports, according to Bloomberg, that the user data leak incident at Coinbase may far exceed the company's anticipated loss of $400 million. The company stated that its Coinbase Prime service, which hosts cryptocurrencies for ETF issuers and serves other institutional investors, was not affected, but according to an anonymous insider, hackers have indeed accessed some of Coinbase Global's most valuable customer data almost continuously since January.
Mike Dudas, managing partner of Web3 company 6MV, stated that this is a significant data breach, with an astonishing number of personal information leaked. He himself has also become a target of the Coinbase hackers. 'This will force people to consider their personal safety, especially after similar incidents in France and elsewhere.'
Insiders say that hackers bribed enough customer service representatives over the past five months to effectively gain on-demand access to Coinbase customer information. Coinbase's Chief Security Officer Philip Martin refuted the claim of almost continuous access, stating in an interview with Bloomberg that the company immediately revoked access from customer service personnel after discovering improper information sharing. Therefore, he stated, hackers 'did not have continuous access throughout the period.'
Bloomberg has learned that the data of a well-known high-net-worth individual is being accessed, but for privacy reasons, Bloomberg will not disclose the identity of this person.
David Jeong, a founder of a crypto project based in New York, stated that on April 3, he received a text message from an unknown number asking him to verify the login information for his personal account. On May 4, he received another text from a different number. Jeong mentioned that he hasn't used a one-time password from Coinbase for two years.