A data breach at Coinbase has exposed sensitive customer information, including that of prominent figures like Sequoia Capital’s Managing Partner Roelof Botha. The incident impacted millions of users, leading to a stock decline and raising concerns about the security of cryptocurrency exchanges. 💰 On May 11, 2025, Coinbase revealed that hackers accessed customer data, highlighting vulnerabilities in their security systems. The company has refused to pay a $20 million ransom, instead offering a reward for information leading to the attackers’ arrest. 👮♂️ This breach presents a significant challenge for the crypto industry and underscores the need for improved security measures.