What happens when crypto’s biggest exchange can’t protect your identity? This isn’t just a breach—it’s a trust crisis.
Key Highlights:
- Over 69,000 Coinbase users were affected by a data breach linked to bribed customer service agents.
- Victims are being offered credit monitoring, identity theft protection, and may be eligible for reimbursement.
Paradisers! Coinbase just confirmed what many feared: 69,000 user accounts were compromised in a breach that started in December 2024 and went undetected for months.
The worst part? This wasn’t some external hack—it came from insiders who were bribed by cybercriminals.
In filings with Maine regulators, Coinbase admitted the scope of the damage. Sensitive user data—names, emails, addresses, ID numbers, banking info—was accessed. And while your crypto may be safe, your identity likely isn’t.
So far, at least 200 affected users are confirmed in Maine alone. Nationwide lawsuits are stacking up fast.
What’s Coinbase Doing About It?
The exchange is offering one year of free identity theft protection through IDX, including dark web monitoring and up to $1 million in insurance for impacted users.
But here’s where it gets weirder: the attackers demanded a $20 million ransom. Coinbase refused. Instead, they’re putting up a $20 million bounty to catch the culprits, with support from the DOJ and international law enforcement.
They also said they’ll reimburse affected customers, but with lawsuits piling up, plaintiffs want more—data purging, third-party audits, and real accountability.
This Isn’t Just a Breach—It’s a Warning Shot
If the world’s most regulated crypto exchange couldn’t stop this, what does that say about the rest? Your private data may already be circulating in Telegram groups, sold in bundles, waiting to be used against you.
We’re breaking this down in next YouTube stream—what really went wrong at Coinbase, what protections you actually have, and which exchanges have stronger user security protocols in place.
And if you still haven’t joined MCP News Private or ParadiseFamilyVIP…
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