According to Foresight News, citing Bloomberg, the Coinbase user data breach may result in losses far beyond the company's estimated $400 million. The company stated that Coinbase Prime services for ETF issuers and institutional investors remain unaffected, but an anonymous source revealed that hackers have been almost continuously accessing some of Coinbase Global's most valuable customer data since January.
Mike Dudas, executive partner at Web3 company 6MV, described this as a significant data breach with an astonishing amount of personal information leaked, noting he was also a target of the Coinbase hackers. "This will make people consider their personal safety, especially after similar incidents in France and other places."
Sources claimed that hackers bribed enough customer service representatives over the past five months to effectively gain on-demand access to Coinbase customer information. Coinbase Chief Security Officer Philip Martin refuted the claim of continuous access, stating in a Bloomberg News interview that the company immediately revoked access rights for staff members who improperly shared information. Therefore, he asserted that hackers "did not have continuous access throughout the entire period".
Bloomberg News learned that data from a prominent high-net-worth individual was being accessed, but will not disclose the person's identity for privacy reasons.
David Jeong, a crypto project founder in New York, stated that on April 3rd, he received a text from an unknown number requesting verification of his personal account login information. On May 4th, he received another text from a different number. Jeong noted that he hasn't used Coinbase's one-time password in two years.
