Coinbase shares experienced a surge following news of a cyber breach and an ongoing SEC investigation into past user data, even though the company is facing scrutiny. Despite this initial market drop, analysts suggest it may be an overreaction. cybersecurity firm Mandiant confirmed that Coinbase’s system was breached, leading to the temporary stock decline. The company has outlined plans for $180-400 million in expenses dedicated to addressing the breach and providing reimbursements to affected users. The CEO, Brian Armstrong, and Chief Policy Officer, Faryar Shirzad, are leading the efforts to bolster security measures. Some analysts see this as a buying opportunity, while others remain cautious and expect a return of market stability after resolution.