A Coinbase employee’s alleged unauthorized access to sensitive user data has triggered a security crisis for the cryptocurrency exchange. The incident raises concerns about inadequate internal controls and potential financial repercussions. The compromised information could have been used for identity theft. Coinbase is currently investigating the incident, implementing strict measures like prohibiting employees from accessing user data for non-work purposes. The investigation seeks to determine the extent of the breach. This event underscores the urgency for robust security protocols within the cryptocurrency industry, as it echoes similar breaches in the tech sector.