Coinbase, the Largest Cryptocurrency Exchange in the US, Hacked

Korea Economic Daily

Summary

The stock price of Coinbase, the largest cryptocurrency exchange in the US, reportedly dropped by 7.2% due to a hacking incident.
Hackers demanded $20 million, threatening to leak customer information, but Coinbase announced a reward of the same amount for their capture.
Coinbase reported that less than 1% of customers were affected by the incident and plans to compensate those who suffered losses.

The stock price of Coinbase, the largest cryptocurrency exchange in the US, plummeted due to news of a hacking incident that compromised customer data.

On the 15th (local time) on the New York Stock Exchange, Coinbase recorded a 7.2% drop, closing at $244.44.

The drop was due to reports that hackers had stolen customer data and demanded $20 million (approximately 28 billion KRW). The hackers threatened to release customer information if the ransom was not paid.

Coinbase stated that no passwords or personal cryptocurrency wallet codes were compromised and that less than 1% of its customers were affected by the data breach. Instead of paying the hackers, the company offered a $20 million reward for their capture. They plan to compensate customers who suffered losses due to this incident.

Meanwhile, on the 13th, Coinbase's stock had surged by 24% following news of its inclusion in the S&P 500, a major US stock index, starting on the 19th.

Reporter Lee Song-ryeol, Hankyung.com yisr0203@hankyung.com

BTC