Crypto exchange Coinbase is under fire from multiple lawsuits filed in federal courts since May 13, 2025. Plaintiffs accuse the company of inadequate data security measures and failure to protect user information after a recent cyberattack compromised sensitive data belonging to thousands of users. The breach involved bribes paid to customer service agents who accessed internal systems. This has come at a time when Coinbase disclosed that their systems were infiltrated by hackers demanding $20 million in ransom. 8 million monthly transacting users will be impacted. The lawsuits allege Coinbase failed to properly secure its data and mishandled the aftermath of the breach, leading to accusations of inadequate response and failure to protect affected individuals.