What happened
Coinbase, the largest U.S.-based cryptocurrency exchange, said Thursday that cybercriminals had hacked the company, stealing sensitive user data for a scheme to rob customers of crypto assets and extort the company.
The Securities and Exchange Commission is also investigating Coinbase for allegedly overstating its active users in securities filings, The New York Times reported Thursday.
Who said what
Coinbase said in an SEC filing that an undisclosed number of user names, addresses and government ID images were stolen by someone paying multiple now-fired “contractors or employees working in support roles outside the United States.” It estimated it would have to spend $180 million to $400 million to fix the situation and…
