Coinbase Security Breach Triggers 7% Stock Drop Amid Regulatory Concerns

Coinbase faces serious consequences following a data breach impacting 97,000 accounts. The company’s stock price plummeted by 7%, reflecting investor concerns regarding the incident and its potential regulatory impact. Coinbase is offering a substantial $20 million bounty for information leading to the apprehension of attackers. This breach adds fuel to already high scrutiny over crypto exchange security, with questions surrounding its long-term stability and compliance with regulations.