A major data breach has hit $CoinBase with hackers claiming access to sensitive user data. Names, emails, phone numbers, addresses
Last 4 digits of SSN
Masked bank info and identifiers
Government-issued IDs (passports, licenses) Wallet balances & transaction history Some internal corporate materials The attackers are demanding $20M in Bitcoin to avoid releasing the data. But CEO Brian Armstrong is refusing to negotiate — instead offering a $20M bounty for info leading to their arrest.
#bearish sentiment:
Loss of user trust in centralized exchanges Increased scrutiny on KYC and data handling Potential short-term price pressure on #coin
#bullish sentiment:
Strong security stance by Coinbase boosts long-term reputation
No funds were reportedly stolen — only data compromised
Reinforces the need for decentralized identity solutions
Security Tip for Users
Reset passwords, enable 2FA, monitor for phishing, and consider a credit freeze.
#coinbasehacked #BearishNews #BullishResilience #CryptoSecurity $BTC $ETH
