Tag: Coinbase

Webull Pay Taps Coinbase for Crypto Trading, Custody Infrastructure

Coinbase will provide cryptocurrency trading, custody, and staking services to Webull Pay through its Crypto-as-a-Service (CaaS) platform starting in June 2025, the two companies announced Friday. Coinbase to Provide Backend Crypto Services for Webull Pay Under the agreement, Webull Pay gains access to Coinbaseโ€™s institutional-grade infrastructure, including custody solutions, advanced trading systems, and support for [โ€ฆ] Source CryptoX Portal

Sequoia Capital exec also a victim in Coinbase data breach โ€” Report

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At least one partner at Sequoia Capital was reportedly impacted by the recent data breach among Coinbase users, suggesting that data from others at the venture capital firm may also have been compromised. According to a May 16 Bloomberg report, Sequoia Capital Managing Partner Roelof Bothaโ€™s personal information available through his Coinbase account was stolen after a group of cybercriminals bribed the exchangeโ€™s support agents for access to user data. Though Botha had not publicly disclosed his net worth, estimates suggested he had hundreds of millions of dollars in assets.…

Webull Pay Joins Forces With Leading US-Based Exchange Coinbase To Power Crypto Services

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A crypto trading app is joining forces with the top US-based crypto exchange by volume to power its digital asset services. In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbaseโ€™s Crypto-as-a-Service (CAAS) platform. Says Coinbase, โ€œAs Webull Payโ€™s partner for trading, custody, staking, and [the stablecoin] USDC, Coinbase will provide Webull Pay access to tight spreads, deep liquidity, secure infrastructure, and crypto products with the potential to earn income โ€“ all using the same technology trusted by…

Bitcoin breaks out while Coinbase breaks down: Finance Redefined

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News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams. While less than 1% of Coinbaseโ€™s active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, as the exchange pledged to repay all phishing attack victims. Despite the attack on the worldโ€™s third-largest cryptocurrency exchange, investor sentiment remains optimistic, with the Fear & Greed Index remaining firmly in the โ€œGreedโ€ zone…

Bitcoin is going to $200 trillion: Why You NEED To Invest In Crypto in 2025!

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How To Buy Crypto With Coinbase – The CORRECT Way

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Coinbase fires compromised agents in Indiaโ€” Report

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Coinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India. According to a May 15 Fortune interview, Coinbase’s chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals. The CSOโ€™s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million…

Coinbase Pledges $20M for Info on Extortionists

Key Notes Coinbase offers a $20M bounty for info on criminals behind the extortion attempt. Hackers accessed limited user data by bribing customer agents. Affected users will be reimbursed and new security measures are already in place. Cryptocurrency exchange Coinbase announced that they are offering a bounty reward worth $20 million for details that would lead to identifying criminals that attempted to blackmail the exchange. The popular exchange took to its blog to disclose that they had faced an extortion attempt, and have decided to launch an investigation to find…

Coinbase refuses $20M ransom after support agent data breach

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Coinbase, the worldโ€™s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with a small number of customer support contractors to access internal systems and steal limited user account data. โ€œThese insiders abused their access to customer support systems to steal the account data for a small subset of customers,โ€ Coinbase stated, adding that no passwords, private keys,…