Crypto world rocked by a shocking insider attack โ \$400M breach traced back to two outsourced employees in Indore, India. The plot? Simple but devastating: use a **smartphone camera** to capture sensitive user data and sell it to cybercriminals. ๐ธ๐
Hereโs what went down:
๐ The Hack
Date: January 2025
Culprits: 2 outsourced staff from TaskUs (Indore)
Method: Photographed Coinbase customer data
Motive: Bribed by hackers to leak info
๐ฅ The Damage
226+ workers dropped from Coinbase projects in India
Data stolen may include:
* Names and emails
* Partial account numbers
* Masked SSNs
Estimated fallout: \$180M โ \$400M in reimbursements, legal action, and cleanup costs ๐ธ๐ธ
๐งโโ๏ธ The Legal Heat
* Class-action lawsuit filed against TaskUs
* Coinbase fired all involved staff and ended vendor ties
* New zero-tolerance insider threat protocols launched
๐ก The Big Lesson
Crypto companies: rethink who handles your user data.
Outsourcing is a risk. Insider threats are real. Trust but verify.
๐ The Market Reacts
COIN trading at \$259.39 (+1.32%) after the news
Volume surges to 5.2M shares
๐ Cybersecurity isnโt optional. Itโs survival.
Stay alert. Stay encrypted. Stay ahead.
#BinanceAlphaAlert #TrumpTariffs #SaylorBTCPurchase #MyCOSTrade #CircleIPO
