Among the info violation, a $ 20 million ransom demand and Federal investigation with its’ confirmed users’, ‘Cloenbase is a rough week

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• SiknbaseThe world’s largest cryptocurrency exchange is a rough week. In the run Siknbase Joining the S & P 500 May 19, announced that the company has declared and refused to pay 20 million ransom requirements from cybercriminals stealing user information. The company faces a fresh study that looks at the company’s past statements to cancel the number of users.

Siknbase will officially join S & P 500 On Monday and its shares in the past few months, after the end of the year, he returned to the place at the beginning of the year. But it’s not all good in Coinbase land.

Company announced on the blog Thursday, a violation of information that may cost $ $ 400 million from $ 180 million to resolve issues and pay customers. In the same statement, Cybercriminals, cybercriminals, customer service agents, then they are trying to praise the user information from $ 20 million, he said.

Coinbase said the data violated the effect of “Coinbase monthly operator users less than 1%”. The company in the first quarter of 2024 8 million monthly operator user reportedTherefore, less than 80,000 people would be less than 1%. The company said he was sending an email to all customers affected Thursday morning.

The company said he refused to pay $ 20 million; Instead, “Create a $ 20 million prize fund for information that causes attackers to be sentenced,”, send a security team of the coin base.

Coinbase’s Chief Security Officer, Philip Martin, tell Fortune‘s Jeff John Roberts On Thursday, all customer service agents in India worked and fired immediately. Coinbase is currently working with industrial partners and law enforcement agencies to restore assets on criminal charges against “small insiders” allowing this to happen.

“It’s what I want to own and do it right when you see a problem, and that’s what we do.” Fortune.

Coinbase, cybercriminal and work as a whole as the customer’s information violation front faces, which is a fresh probe from the Securities and Exchange Commission New York Times. SEC Earlier this year, the company’s company for the company’s marketing company’s marketing is already looking for past statements of Federal investigators, In 2021, including S-1 documents to go to the public The company claimed to be more than 100 million “approved user”.

Coinbase General Officer Paul Grewal said Fortune SEC Probe’s only a metric investigation of a metric about a metric from a previous management, “We have committed to work with the company to bring this issue closer to the company,” he said.

Grewal, CoinBase stopped reporting “confirmed users” based on the number of accounts with approved email addresses or phone numbers in 2023. Now every month, about 8 million fulfills focuses on other sizes such as monthly operators.

This is not this while SEC fell to more than many different research and court claims This survey, which began under the leadership of Biden, continued under the guidance of Biden, which began, since the President Donald Trump has started in January. Several cryptist projects.

Brian Armstrong, Kuran, Coinbase in 2012, has been an open critic of the SEC for years. In 2021, SEC will explore plans to offer a borrow program, Armstron called Armstrong’s “Sketchy” and “Tactics of Closed Doors” In a number of tweets. And in one Meeting with 2023 DecipherArmstrong said Coinbase met 30 times a month 30 times in 18 months, but the agency refused to lead a clear management of digital assets.

“We asked the SEC for the opinion; we got a claim,” he said.

If Armstrong did not forgive Trump’s campaigns directly through donations, Coinbase has made an effort to return the politicians that support Crypto. Last year The company donated $ 25 million for FairshakeSuper Pac that supports pro-crypto candidates. Armstrong donated $ 1 million to the organization personally.

Despite these runs with cyberriminal and regulators, Coinbase has a pretty good year. The company revoked $ 2.03 billion in the first quarter, more than 24% during the year. Although this was expectations of these missed analysts, the company linked it to the “uncertain macro environment” around the global trade policy.

The company also worked to strengthen its platform Crypto Options Exchange Deribit’s $ 2.9 billion purchase This month ago.

This story was first displayed Fortune.com

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