CoinVoice has recently learned that, according to Jinshi reports, Benchmark senior equity research analyst Palmer stated in a research report that Coinbase disclosed a significant cybersecurity vulnerability on Thursday and confirmed that the U.S. Securities and Exchange Commission (SEC) is investigating its past user metrics. This stands in stark contrast to the latest news earlier this week that the company will join the S&P 500 index.

Palmer believes that this cyber attack is more of a one-time incident, and that the SEC's investigation "is just noise and is unlikely to have any substantial impact on the bullish case for the company's stock." [Original link]