Coinbase Faces $400M Loss After Insider Phishing Attack

Coinbase Faces $400M Loss After Insider Phishing Attack

Coinbase, the world’s third-largest cryptocurrency exchange, is facing substantial financial exposure and heightened scrutiny following a coordinated phishing attack involving insider collusion. Disclosed on May 15, 2025, the breach was executed by cybercriminals who bribed overseas customer support contractors to gain unauthorized access to internal systems. This led to the theft of personal user data, including names, email addresses, phone...

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