Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»HACKING NEWS»Coinbase’s rich violations are connected to $ 400 million in encryption, and court file disclosure
HACKING NEWS

Coinbase’s rich violations are connected to $ 400 million in encryption, and court file disclosure

By Crypto FlexsSeptember 21, 20254 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase’s rich violations are connected to $ 400 million in encryption, and court file disclosure
Share
Facebook Twitter LinkedIn Pinterest Email

  • Coinbase violations are tracked to Taskus employees. The hacker lost $ 400 million as the hacker exploited internal sales of customer data.
  • The court document has sold a fraud, litigation, and 300 employees that can be recorded, fraud, and 300 employees.
  • Coinbase strengthened control after the stolen data -centered data, reduced the taskus ties, and repaid the victims.

The new court document revealed how the data violation of Coinbase, which was revealed in May 2025, began in the outsourcing customer service company.

This violation exposed very sensitive user data, including social security numbers and bank details that go back to Taskus employees.

The hacker later used this information to impersonate a coinbase employee and deceived the user to move the cryptocurrency to a fraudulent wallet.

According to Coinbase’s estimates, total losses amounted to $ 400 million.

This revelation emphasizes how to continue to weaken the security of the digital asset industry.

Taskus employees were confirmed in the data theft conspiracy.

A modified collective lawsuit filed by the US District Court in the southern New York area has been shown that this violation comes from TASKUS, a business process outsourcing company that was used for customer support.

According to the report, the crime group began to contact Taskus employees in 2024 and began to pay for very sensitive user records and payments.

In September 2024, Taskus employees, Ashita Mishra, have taken a confidential coinbase customer file and began selling them to external hackers for about $ 200 per image.

According to the court submission, when Taskus discovered a violation in January 2025, Missra’s call was found to store data for more than 10,000 customers. One day, up to 200 photos appeared.

The document describes the plot as wider than one person.

Many taskus employees worked in small groups to deliver stolen records to organized criminals.

The violation was found in early January 2025, but Taskus or Coinbase did not disclose the case until May 2025.

Coinbase violations and ransom are required.

Coinbase reported that when the violation was released in May 2025, the attackers bribed the support agent to access sensitive records. At the time, the attackers pointed out that the attackers demanded a $ 20 million ransom.

Coinbase refused to pay and announced a $ 20 million bounty for information leading to the status and prosecution of related people.

Meanwhile, the frauders used the compromised details to pretend to be a coinbase representative.

The victim was deceived by transferring assets with a control wallet.

According to the lawsuit, some customers have lost life savings and retirement funds. According to the complaints, the theft has reached $ 400 million.

The violation was also influenced by the market. Coinbase stocks have led to an additional investor lawsuit that cited financial losses by decreasing according to the release.

Inner rich network and mass organization

The lawsuit said that after Taskus identified the plot and fired about 300 employees at the Indian -based center.

According to the survey, MISHRA and accomplice proposed that they have established a small group in Taskus and collected and distributed stolen coinbase users.

Even though I learned about the violation of January 2025, Coinbase and Taskus did not immediately inform customers.

The two companies were disclosed to the Form 10-K submission, and even though the violation was already confirmed internally, I knew that I did not know the data leakage.

During the few months, the customer continued to aim for the goal of the phishing campaign and Sichuan system, increasing the impact of violations.

Coinbase response and strengthening security

Coinbase has later confirmed that he has broken his relationship with Taskus employees involved and introduced a more strict internal rich control.

According to submission and subsequent company statements, Coinbase has influenced the affected users, regulatory agencies and returned customers.

This exchange also moved to limit the remote work practices of external support staff to reduce the risk of internal threats and penetration.

The company mentioned concerns about foreign agents who want to use vulnerability through North Korean actors, social engineering and bribery.

This incident emphasizes the vulnerability of third -party outsourcing in encryption security.

Even if the exchange deploys advanced technology defense, the risk of internal risk of service providers remains an important threat vector.

In progress, the lawsuit will determine the responsibility between the Coinbase, Taskus and the employee network that enabled one of the most damaging inner violations in this sector.


Share this article

Category

Tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Death and taxes… And Lost Crypto: Why Tax Time Is the Perfect Time to Fix Your Digital Legacy

December 20, 2025

Fake Zoom malware scam linked to North Korean hackers targets cryptocurrency users

December 18, 2025

Altcoin Update: XRP ETF Inflows Hit $1 Billion Whales offload Ethereum.

December 16, 2025
Add A Comment

Comments are closed.

Recent Posts

HashWhale expands global digital asset management, providing stable and sustainable cryptocurrency return solutions

December 21, 2025

Marshall Islands tests cryptocurrency for universal basic income amid cash and bank shortages.

December 21, 2025

Crypto’s Capitol Hill champion, Senator Lummis, said he would not seek re-election.

December 21, 2025

You can trade ZKP!

December 20, 2025

VELO maintains a bullish structure as technical recovery coincides with real asset expansion.

December 20, 2025

Death and taxes… And Lost Crypto: Why Tax Time Is the Perfect Time to Fix Your Digital Legacy

December 20, 2025

NFT sales increase by 12% despite falling Bitcoin and Ethereum prices

December 20, 2025

GrantiX Lists On BitMart And BingX After Successful IDOs

December 19, 2025

Kalshi integrates the TRON network to expand on-chain liquidity access for the world’s largest prediction market.

December 19, 2025

Pepe Coin price looks set to fall 30% as whales begin to surrender.

December 19, 2025

Fake Zoom malware scam linked to North Korean hackers targets cryptocurrency users

December 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

HashWhale expands global digital asset management, providing stable and sustainable cryptocurrency return solutions

December 21, 2025

Marshall Islands tests cryptocurrency for universal basic income amid cash and bank shortages.

December 21, 2025

Crypto’s Capitol Hill champion, Senator Lummis, said he would not seek re-election.

December 21, 2025
Most Popular

Ether Leeum’s ETH price rally

February 17, 2025

Ripple Vs. SEC Litigation: Latest Filing Begins End to Historic Battle

May 22, 2024

Ether Lee Historical Indicator Flash Long Purchasing Signal-Is History Repeat?

February 16, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.