A major security breach at cryptocurrency exchange Coinbase has exposed a significant amount of customer data. The leak reportedly occurred earlier than initially disclosed, raising concerns about transparency and cybersecurity in the industry. An employee of outsourcing firm TaskUs allegedly leaked customer information to hackers for financial gain. This breach involved an employee based in India, who was caught secretly filming their work computer screen and providing personal details to hackers. Coinbase became aware of this leak in January, but only revealed its knowledge in May after receiving an extortion demand. This discrepancy highlights the challenges of identifying isolated incidents versus systemic compromises, raising questions about reporting protocols for potential security vulnerabilities within large organizations. The incident underscores the risks associated with outsourcing sensitive operations and necessitates robust security measures and oversight from service providers. The exchange has terminated hundreds of employees believed to be involved in the breach, however, the extent of data compromised and number of affected users remains unclear. Coinbase’s delayed disclosure further fuels concerns about user trust and raises questions about regulatory transparency.