Paul Groal, the chief legal official of Coinbase, is discussing how the US Securities and Stock Exchange Committee said it intends to drop the lawsuit against the encryption company at The Bottom.
Coinbase Global shares fell by more than 7 % on Thursday after the encryption exchange A Electronic attack The customer account data that the company’s account of up to 400 million dollars can cost.
The stolen account data – which influenced a “small sub -group of customers” – included names, addresses, phone numbers, email messages and government identifiers. The company said in a Organizational deposit Thursday.
Coinbase invests $ 25 million in mid -time elections
The platform online, which has more than $ 328 billion of assets, received an email on May 11 from an unknown threat representative who claims to have customer account information as well as internal documents. The Internet criminals demanded $ 20 million in exchange for not sharing information publicly, as the file indicated.

The stolen account data – which influenced a “small sub -group of customers” – included names, addresses, phone numbers, email messages and government identifiers. (Reuters/Dadu Rovik/Photo/File)
the Pushed Many contractors and employees working in support roles outside the United States to obtain information. Coinbase launched the participants and referred them to the law, according to the company.
Coinbase dived on traditional payment methods in spending $ 15 million in ad.
“Electronic criminals bribered and recruited a group of rogue support agents abroad to steal Coinbase’s customer data to facilitate social engineering attacks,” Coinbase wrote in A. Blog post Thursday. “These people have misrepresented customer support systems to steal account data for a small customer group.”

In this picture, the Coinbase logo is displayed on the iPhone on June 06, 2023 in San Anisselo, California. (Justin Sullivan/Getty Emp)
the Encryption The infiltrators have not paid and the clients who were deceived are preparing to send money to them. Coinbase estimated the expenses related to the costs of treatment and customer payment of between $ 180 million and $ 400 million, according to the deposit submission.
Coinbase Sues SEC, FDIC for information on encryption regulation
Coinbase said: “We are closely cooperating with the application of the law to follow up the harshest possible penalties and will not pay a $ 20 million ransom request.”

Bitcoin, ethereum and Dogecoin currency representations were placed on the mother computer in this captured clarification, June 29, 2021. (Reuters/Dado Ruvic/Reuters Photo File)
In addition, Coinbase provides a $ 20 million reward for information that leads to the arrest and condemnation of those responsible for the attack. It also hardens defenses and opens a new support center In the United StatesAccording to the company.
The announcement of the electronic attack comes at a time when the US Securities and Stock Exchange Committee began to investigate whether Coinbase has erred in the number of users, according to To Reuters.
Coinbase and SEC did not immediately respond to the Fox Business request for comment.
https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/06/0/0/Coinbase-cryptocurrency.jpg?ve=1&tl=1
Source link