A major data breach at Coinbase has exposed sensitive information of nearly 69,000 customers, resulting in a theft estimated at over $500 million. The incident highlights security vulnerabilities within the crypto exchange and raises concerns about user safety. According to reports, attackers exploited compromised employee accounts to gain access to private data and steal funds. This attack echoes similar breaches like the one that plagued Ledger in 2021, demonstrating a pattern of exploitation targeting centralized crypto platforms. 🔒. Experts suggest that a lack of robust security measures contributed to this breach. Coinbase’s delayed disclosure of the incident further complicates matters, sparking potential legal action and raising questions about their accountability towards users. While the company offers compensation and an $20 million bounty for information leading to arrests, experts warn that this may not fully address the long-term damage to user trust. This incident shines a light on the ongoing challenges of securing both digital assets and personal data in the rapidly evolving cryptocurrency world.