Coinbase Hacked, Sequoia Capital Partner’s Important Data Spread?

Updated

May 19, 2025

Gambar Coinbase Hacked, Sequoia Capital Partner’s Important Data Spread?

Jakarta, Pintu News – Recently, a major hacking incident occurred on Coinbase, the largest crypto exchange in the United States, which resulted in the leak of personal information of several important figures.

According to a Bloomberg report, Roelof Botha, Managing Partner of Sequoia Capital and a member of the elite “PayPal Mafia”, was among the victims whose personal information such as phone numbers, addresses, and other sensitive data was exposed.

This incident highlights the security vulnerabilities that still exist in the burgeoning crypto industry.

Check out the full information here!

Intrusion Through Customer Service Staff

coinbase presents wrapped — Source: Bankrate

According to Crypto.news, hackers managed to gain access to client data by bribing several India-based Coinbase customer service representatives. The stolen information includes names, dates of birth, addresses, citizenship, government identification numbers, banking information, and account details.

This incident was detected after Coinbase observed suspicious activity from several customer service representatives since January. The hackers then tried to blackmail Coinbase by demanding $20 million in exchange for not leaking the data. However, the demands were rejected by Coinbase.

This incident raised new concerns about data security in the crypto sector, especially for executives and large investors.

Also read: Jerome Powell Criticized by Trump, Will Interest Rates Be Cut?

Market Reaction and Long-term Impact

Despite the data leak, Coinbase’s share price still increased by 9% to $266.4 at the time of closing. This shows that investors are still optimistic about the company’s long-term potential despite the data security challenges.

This confidence may have been boosted by the security remediation measures promised by Coinbase to prevent similar occurrences in the future. Meanwhile, some Coinbase users are receiving security alerts that their information may have been unauthorized accessed. This adds to the list of concerns for users who are already fretting over security issues in crypto trading.

Also read: Robert Kiyosaki Predicts Bitcoin (BTC) Price to Reach $250,000, Here’s His Analysis!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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