#breakingnews
😱 69,000 Victims, $400M Lost: Coinbase Data Leak Traced to India Employee
Newly unsealed court filings reveal the biggest insider breach in Coinbase history.
🔎 What happened?
A TaskUs employee (Coinbase’s customer support contractor) secretly photographed sensitive user data.
Each photo (SSNs, bank accounts, IDs) sold to hackers for $200 a pop.
Victims: 69,461 users 😱
Estimated losses: up to $400M 💸
⚠️ How hackers used it:
They impersonated Coinbase staff in calls & emails, tricking users into draining accounts. Some lost entire retirement savings.
📄 Court docs say:
Breach began: Dec 26, 2024
Discovered: May 11, 2025
Users notified: May 30, 2025 (already too late for many)
🔥 TaskUs accused of cover-up
Instead of going public early, the contractor allegedly fired 300+ employees and dissolved its investigation team.
🛡 Coinbase response:
Cut ties with TaskUs staff
Offering free identity protection, insurance & dark web monitoring
Pledging tighter internal controls
But victims remain at risk. Ongoing fraud attempts continue, and leaked home addresses + bank details have left many fearing physical danger.
🕵️♂️This is a brutal reminder: DYOR and frequently check your data and account balance for unusual activity.
Even the biggest exchanges can’t protect you from insider risk.
💬 Do you think Coinbase can recover its users’ trust after this scandal?
