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The New Oil<p><a href="https://mastodon.thenewoil.org/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> breach linked to customer data leak in <a href="https://mastodon.thenewoil.org/tags/India" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>India</span></a>, sources say</p><p><a href="https://www.reuters.com/sustainability/boards-policy-regulation/coinbase-breach-linked-customer-data-leak-india-sources-say-2025-06-02/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/sustainability/boa</span><span class="invisible">rds-policy-regulation/coinbase-breach-linked-customer-data-leak-india-sources-say-2025-06-02/</span></a></p><p><a href="https://mastodon.thenewoil.org/tags/TaskUs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TaskUs</span></a> <a href="https://mastodon.thenewoil.org/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cybersecurity</span></a> <a href="https://mastodon.thenewoil.org/tags/privacy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>privacy</span></a> <a href="https://mastodon.thenewoil.org/tags/DataBreach" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DataBreach</span></a> <a href="https://mastodon.thenewoil.org/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a></p>
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#coinbase
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David Usharauli<p><span class="h-card" translate="no"><a href="https://mstdn.social/@hkrn" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>hkrn</span></a></span> will these stolen crypto funds be fully reimbursed by Coinbase?</p><p><a href="https://bookstodon.com/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coinbase</span></a> <br><a href="https://bookstodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a></p>
Molly White<p>It’s been two weeks since Coinbase disclosed its data breach, and so far we’re up to:</p><p>• 8 customer class actions against Coinbase<br>• 1 shareholder class action against Coinbase<br>• 1 customer class action against TaskUs, a contractor the plaintiffs allege was responsible for the breach.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a></p>
Emory<p><span class="h-card" translate="no"><a href="https://infosec.exchange/@jerry" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>jerry</span></a></span> rationally i have no reason to suspect anything hinky is going on, i wouldn't mind another <a href="https://soc.kvet.ch/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coinbase</span></a> customer chiming in that they're seeing the same behavior though. my phone on wifi goes through quite a gauntlet (well the unifi UTM engine, which is ≥ an IPS i would <br>build at any rate 😂)</p>
Molly White<p>Arbitrator found the complaint had been filed too late, and that the customer had admitted that a third party rather than a Coinbase insider had performed the theft. Doesn’t appear the arbitrator investigated the claims of a possible breach, or how the hardware MFA was bypassed.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a></p>
Molly White<p>Coinbase didn’t prevent the suspicious transfers, allegedly wiped customer’s transaction history, blamed the customer for the loss, then refused to reimburse. Arbitration concluded with $0 reimbursement.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a></p>
Molly White<p>Customer lost $350,000 in September 2022 to a phishing attack from a scammer that the customer said had “confidential information that could have only been obtained with direct access to Coinbase’s database”.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a></p>
Molly White<p>Given the recent data breach and Coinbase’s user agreement that aims to force customers into arbitration rather than individual or class action lawsuits, it’s interesting to read the outcome of a recent arbitration case against Coinbase.</p><p><a href="https://www.courtlistener.com/docket/69741499/1/coinbase-inc-v-spilker/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">courtlistener.com/docket/69741</span><span class="invisible">499/1/coinbase-inc-v-spilker/</span></a></p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a></p>
redneonglowI mentioned that I used to use 4chan Pass so I could use 4chan with a VPN, mainly in the /t/ torrents board, where I would occasionally post torrents I created.<br><br>I went to renew my long expired 4chan pass since I wanted to post something there today. However, it appears CoinBase now requires you set up an account or download an app with them, you can't pay with your self-hosted Bitcoin Core wallet anymore. I hate the Antichrist.<br><br>Apparently you can use your credit card with 4chan Pass now, but I wouldn't want to do that given that I'd be using a VPN and posting in /t/.<br><br>Does anyone know any good places to share public torrents you create (other than Reddit /r/DHExchange)? I looked at <a href="http://8chan.moe" rel="nofollow noopener" target="_blank">8chan.moe</a> that's popular with users on this side of Fedi but it doesn't seem to have a torrents board.<br><br><a class="hashtag" href="https://varishangout.net/tag/4chan" rel="nofollow noopener" target="_blank">#4chan</a> <a class="hashtag" href="https://varishangout.net/tag/bitcoin" rel="nofollow noopener" target="_blank">#Bitcoin</a> <a class="hashtag" href="https://varishangout.net/tag/coinbase" rel="nofollow noopener" target="_blank">#CoinBase</a> <a class="hashtag" href="https://varishangout.net/tag/crypto" rel="nofollow noopener" target="_blank">#Crypto</a> <a class="hashtag" href="https://varishangout.net/tag/bittorrent" rel="nofollow noopener" target="_blank">#BitTorrent</a> <a class="hashtag" href="https://varishangout.net/tag/torrent" rel="nofollow noopener" target="_blank">#Torrent</a> <a class="hashtag" href="https://varishangout.net/tag/sharing" rel="nofollow noopener" target="_blank">#Sharing</a>
Florian Weber<p><span class="h-card" translate="no"><a href="https://hachyderm.io/@molly0xfff" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>molly0xfff</span></a></span> I gotta say, they have quite humorous takes about this whole story. <a href="https://chaos.social/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> also just unironically sent out this newsletter calling on their users to watch out, when the whole story was unfolding on their own watch:</p>
Ms. Que Banh<p>Does anyone here have experiences with or know much about <a href="https://beige.party/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> & <a href="https://beige.party/tags/NewtonExchange" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NewtonExchange</span></a> ? They're foreign to me. I would like to hear about other people's experiences with one or both.</p>
The New Oil<p><a href="https://mastodon.thenewoil.org/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> says recent <a href="https://mastodon.thenewoil.org/tags/DataBreach" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DataBreach</span></a> impacts 69,461 customers</p><p><a href="https://www.bleepingcomputer.com/news/security/coinbase-says-recent-data-breach-impacts-69-461-customers/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">bleepingcomputer.com/news/secu</span><span class="invisible">rity/coinbase-says-recent-data-breach-impacts-69-461-customers/</span></a></p><p><a href="https://mastodon.thenewoil.org/tags/privacy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>privacy</span></a> <a href="https://mastodon.thenewoil.org/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cybersecurity</span></a> <a href="https://mastodon.thenewoil.org/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a></p>
Molly White<p>SEC requires material cybersecurity incidents be disclosed within four business days; state laws often have a 30-day disclosure deadline. It’s not clear if customers outside the US were affected; if so, other disclosure laws may apply.</p><p><a href="https://hachyderm.io/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coinbase</span></a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a></p>
Molly White<p>A Coinbase data breach filing with the Maine Attorney General finally gives us some more detail than Coinbase’s vague “less than 1% of monthly transacting users”. 69,461 people were affected, and Coinbase says the data breach occurred on December 26, 2024.</p><p><a href="https://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/f61fae18-f669-499e-9a87-f4d323d281f8.html" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">maine.gov/agviewer/content/ag/</span><span class="invisible">985235c7-cb95-4be2-8792-a1252b4f8318/f61fae18-f669-499e-9a87-f4d323d281f8.html</span></a></p><p>It took them almost five months between the incident and the incident disclosure, although the company has since admitted it knew customer support agents were suspiciously accessing customer data as far back as January.</p><p><a href="https://hachyderm.io/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coinbase</span></a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a></p>
The New Oil<p><a href="https://mastodon.thenewoil.org/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> <a href="https://mastodon.thenewoil.org/tags/DataBreach" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DataBreach</span></a> Will ‘Lead to People Dying,’ <a href="https://mastodon.thenewoil.org/tags/TechCrunch" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TechCrunch</span></a> Founder Says</p><p><a href="https://decrypt.co/321076/coinbase-data-breach-will-lead-to-people-dying-techcrunch-founder-says" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">decrypt.co/321076/coinbase-dat</span><span class="invisible">a-breach-will-lead-to-people-dying-techcrunch-founder-says</span></a></p><p><a href="https://mastodon.thenewoil.org/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cybersecurity</span></a> <a href="https://mastodon.thenewoil.org/tags/privacy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>privacy</span></a> <a href="https://mastodon.thenewoil.org/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a></p>
Molly White<p>Coinbase was aware that support reps were suspiciously accessing customer data when its CEO tweeted that the CFPB should be "deleted". Among other things, the CFPB has pursued legal action against financial companies that failed to secure sensitive customer data.</p><p><a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a></p>
Molly White<p>Coinbase CEO Brian Armstrong has characterized my reporting on the timing of the user agreement update as a “conspiracy theory”. He did not comment on the substantive new hurdles introduced by the change, nor a question about the long delay in disclosing the breach.</p><p><a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coinbase</span></a></p>
Molly White<p>Coinbase has disclosed a substantial customer data breach, blaming it on “rogue overseas support agents”. This follows months of crypto security researchers warning about apparent security issues at the company.</p><p>According to Coinbase, the data thieves bribed members of Coinbase’s support team, which is based overseas and reportedly makes very little money. It seems Coinbase has been aware of a breach for several months, but only reported it on May 14.</p><p>At least five lawsuits have been filed about the breach in the days since, but a change to Coinbase’s customer agreement that went into effect on May 15 may make it more challenging for customers to obtain relief.</p><p><a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coinbase</span></a></p>
Molly White<p>In April, Coinbase announced changes to its user agreement that added two clauses limiting class action lawsuits and requiring lawsuits to be filed in New York. The changes apply to disputes initiated after May 15.</p><p>On May 14, Coinbase disclosed a data breach.</p><p>Five lawsuits have been filed against Coinbase in response to the breach since then: all class action, none before May 15, two outside of New York.</p><p><a href="https://hachyderm.io/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> <a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a></p>
Flipboard Tech Desk<p>More details emerge on the Coinbase breach. The crypto exchange has disclosed that hackers paid off support agents — both employees and contractors located outside the U.S. — who had access to company systems to provide customer data and then demanded a $20 million ransom not to leak the information. Via <span class="h-card" translate="no"><a href="https://flipboard.com/@LifeHacker" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>LifeHacker</span></a></span>. <a href="https://flipboard.social/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coinbase</span></a> <a href="https://flipboard.social/tags/Cybercrime" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Cybercrime</span></a> <a href="https://flipboard.social/tags/Cybersecurity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Cybersecurity</span></a> <a href="https://flipboard.social/tags/Cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Cryptocurrency</span></a> <a href="https://flipboard.social/tags/Tech" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tech</span></a> <a href="https://flipboard.social/tags/Technology" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Technology</span></a> <a href="https://flip.it/9uPoOq" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">flip.it/9uPoOq</span><span class="invisible"></span></a></p>
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