U.S. Department of Justice Investigates Coinbase Data Theft, Ripple Settlement Amount Finalized

Coinbase Data Security Crisis Escalates: The U.S. Department of Justice officially intervened in the investigation of the Coinbase customer data theft incident on May 20. Hackers obtained sensitive information from some users, including names, addresses, and identification numbers, by bribing overseas customer service personnel, and demanded a ransom of $20 million.

Coinbase stated that it did not pay the ransom and has set up a $20 million reward fund to capture the perpetrators. This incident has exposed the internal control vulnerabilities of centralized exchanges and may accelerate the migration of users to decentralized platforms.

Ripple (XRP) Settlement Amount Finalized: After years of litigation, Ripple reached a $50 million settlement agreement with the SEC, far lower than the initial $2 billion demand from the SEC. This outcome is interpreted by the market as a softening of regulatory attitudes towards cryptocurrencies, with XRP's price rising 8.18% shortly after the news was announced.