Coinbase Faces Major Security Breach: $400 Million At Stake as Binance and Kraken Preempt Attacks

Coinbase has confirmed a significant security breach, potentially resulting in losses of $400 million. The company suffered a hack targeting its offshore customer support team through social engineering tactics, with attackers offering bribes for sensitive internal access. Though no user funds, passwords, or private keys were stolen, unauthorized access to specific account data was obtained.