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News Explorer — Almost 70,000 Coinbase Customers Impacted by Data Breach

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News Explorer — Almost 70,000 Coinbase Customers Impacted by Data Breach

Coinbase, a cryptocurrency exchange with over 100 million customers, revealed that a recent data breach in which cybercriminals stole customer and corporate data affected 69,461 individuals.

In data breach notifications filed with the Office of Maine’s Attorney General, Coinbase said, “a small number of individuals, performing services for Coinbase at our overseas retail support locations, improperly accessed customer information.”

While the exposed data did not include the impacted people’s passwords, seed phrases, private keys, or other information that could be used to access their funds or accounts, it did include a combination of personal identifiers such as name, date of birth, last four digits of social security numbers, masked bank account numbers and some bank account identifiers, addresses, phone number, and email address.

Depending on the affected customer, the stolen information can also contain images of government identification information (e.g., driver’s license number, passport number, national identity card number) and account information (including transaction history, balance, transfers, account opening date).

“Attackers seek out this information because they want to conduct social engineering attacks, using this information to appear credible to try and convince victims to move their funds,” Coinbase warned.

The disclosure comes after many have voiced their concern that this incident could lead to serious consequences, including physical harm, after cybercriminals gain access to the account balances and addresses of impacted Coinbase customers affected by this data breach.

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