Coinbase News: Narrowly Escapes Major Supply Chain Attack Targeting Its Blockchain AI Toolkit

A recent attempt to compromise Coinbase’s blockchain AI toolkit, agentkit, highlights the ongoing threats in the cryptocurrency sphere. Here’s what happened.

Coinbase Avoids Major Supply Chain Attack on Blockchain AI Toolkit

On March 23, Yu Jian, founder of blockchain security firm SlowMist, flagged an incident involving a potential supply chain attack on Coinbase’s blockchain AI toolkit, agentkit. According to Unit 42, the threat intelligence division of Palo Alto Networks, the attacker targeted agentkit by forking the repository on GitHub and inserting malicious code intended to exploit the continuous integration pipeline. The suspicious activity was first detected on March 14, 2025, with the payload focused on exploiting the public CI/CD Flow of agentkit. Coinbase successfully mitigated the attack, preventing further compromises.

Ethereum’s Transaction Fee Revenue Drops, Coinbase Avoids Supply Chain Attack

Ethereum’s quarterly transaction fee revenue has dropped about 95% from its peak in Q4 2021, mainly due to lower Layer 2 contributions and a decline in NFT market activity. Meanwhile, Coinbase avoided a supply chain attack that could have compromised its open-source infrastructure, as flagged by SlowMist and reported by Palo Alto Networks’ Unit 42. Additionally, the Crypto Fear & Greed Index stands at 28, indicating fear in the market and suggesting potential buying opportunities due to perceived undervaluation.