LockBit Ransomware Exposed: Prague Hackers Leak 60,000 Bitcoin Wallets, Raising Security Concerns for Coinbase and Crypto Ecosystem

In a dramatic turn of events, the infamous LockBit ransomware operation has been hacked by a Prague-based group, exposing sensitive data including over 60,000 Bitcoin wallets and user credentials. This breach highlights critical security vulnerabilities in the crypto space, with potential implications for platforms like Coinbase and the broader digital asset ecosystem.

LockBit Ransomware Website Hacked, Bitcoin Keys Leaked by Prague-Based Attackers

LockBit, one of the most notorious ransomware operations, has suffered a significant breach. A group claiming ties to Prague infiltrated LockBit’s dark web infrastructure, exposing internal systems, negotiation logs, and a trove of bitcoin addresses. Blockchain analysts at SlowMist identified over 60,000 BTC wallets in the leaked data, alongside credentials for 75 users.

The attackers gained control of LockBit’s PHP-based management platform, leaving taunting messages in their wake. Evidence suggests ransom payments may have flowed through a Coinbase account, though the exchange hasn’t confirmed involvement. This infiltration marks a rare reversal for cybercriminals who typically operate with impunity.

Coinbase Uncovers SEC’s Crypto Regulatory Ambiguities Through FOIA Documents

Coinbase has obtained over 10,000 previously undisclosed regulatory documents through a Freedom of Information Act request, revealing inconsistencies in the SEC’s approach to cryptocurrency regulation. The findings, spearheaded by Chief Legal Officer Paul Grewal, carry significant implications for both the exchange and the estimated 52 million American crypto investors.

The document trove exposes regulatory uncertainties that have persisted within the SEC regarding digital asset classification. This discovery comes at a pivotal moment as the industry seeks clearer guidelines from financial watchdogs. Market participants have long criticized the SEC for applying securities laws inconsistently to different crypto projects.

Coinbase’s aggressive transparency push underscores growing tensions between crypto enterprises and financial regulators. The exchange appears positioned to leverage these findings in its ongoing efforts to shape more coherent digital asset policies. "Public access to government documents remains a fundamental right," Grewal emphasized, framing the disclosure as a victory for industry transparency.