Coinbase Cuts Ties with TaskUs Following Massive Data Breach

Coinbase has abruptly terminated its partnership with TaskUs following a significant data breach that impacted the exchange and over 69,000 customers. The incident, which occurred in January and caused an estimated $400 million loss, saw sensitive customer information leaked to hackers due to actions by Indian employees of TaskUs. As a result of this security breach, Coinbase has taken decisive action, laying off 200 TaskUs staff members and implementing stricter control measures to prevent similar incidents in the future.