Coinbase user data was stolen and extorted $20 million, and sociological attacks have become the norm

Editor-in-Chief: Felix, PANews

On May 15, two bad news about Coinbase caused Coinbase's stock price to suffer a "Waterloo".

One is that Coinbase disclosed a cyberattack involving the theft of internal data and customer information, with a potential financial impact of between $180 million and $400 million.

In addition, sources said that the SEC in the United States is still investigating whether Coinbase misrepresented user data before going public in 2021.

Coinbase shares fell 7.2% on the day on the back of two negative news.

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