Coinbase Faces Backlash Over Delayed Disclosure of Major Data Breach
Coinbase, a leading cryptocurrency exchange, is under scrutiny after it was revealed that the company delayed disclosing a significant data breach that compromised nearly 70,000 customer accounts. The breach, which occurred in January 2025, involved an employee of India-based outsourcing firm TaskUs illicitly photographing sensitive customer data. Despite discovering the breach early in the year, Coinbase did not publicly disclose the incident until its May SEC filing. The delay has raised concerns about transparency and customer protection. Potential damages from the breach are estimated to reach $400 million, with hackers initially demanding a $20 million ransom. In response, TaskUs terminated over 200 employees linked to the breach. This incident highlights the ongoing challenges of data security in the cryptocurrency industry and the importance of timely disclosure to maintain trust among users.
Coinbase Concealed Data Breach for Months Prior to Public Disclosure
Coinbase delayed disclosing a significant customer data breach discovered in January 2025 until its May SEC filing, according to Reuters. The incident involved an India-based TaskUs employee illicitly photographing sensitive customer data, compromising nearly 70,000 accounts. Potential damages could reach $400 million.
The outsourcing firm terminated over 200 employees following the breach. Hackers demanded a $20 million ransom after obtaining the stolen data, which Coinbase refused to pay. The exchange faces mounting scrutiny over its handling of the incident.
Dogecoin Surges 6% as Institutional Buyers Fuel Bullish Rally
Dogecoin (DOGE) surged nearly 6% in the past 24 hours, defying broader market sluggishness as institutional interest reignited optimism. The meme coin climbed from $0.191 to $0.200, with trading volume peaking at 470 million units during the 01:00 UTC hour.
Technical analysis reveals a clear uptrend, with Doge breaking through key resistance at $0.193 and establishing new support at $0.200. The rally gained momentum in the final four hours of trading, punctuated by two notable volume spikes—32.9M and 37.3M units—that suggest concentrated accumulation by large buyers.
This price action coincides with a $20 million DOGE transfer to Coinbase and the launch of SHIB DAO, events that appear to have reignited speculative interest in meme coins. The move comes despite ongoing geopolitical tensions that continue to pressure most risk assets globally.
Smart Money Shifts From DOGE to Emerging Altcoins Amid Market Downturn
Memecoins face headwinds as macroeconomic conditions deteriorate and regulatory uncertainty lingers. Dogecoin’s price slump below $0.20 has triggered whale divestment, with one holder moving 104 million DOGE ($20 million) to Coinbase after three years of dormancy. Technical analysts warn of potential further declines to $0.15 if support at $0.18 fails.
The delayed Dogecoin ETF decision and fading political catalysts have accelerated capital rotation. Traders are pivoting toward micro-cap alternatives, with insiders reportedly favoring a $0.005 token over established memecoins. Pepe Coin shows brief resilience after political endorsement but remains vulnerable to broader sector weakness.
Coinbase Adds ENA to Listing Roadmap Amid Token Unlock Event
Coinbase has included Ethena’s native token ENA on its asset listing roadmap, triggering an 8% price surge during Asian trading hours. The exchange cautioned users against premature deposits, noting funds could be lost without proper market-making support.
ENA briefly rallied from $0.312 to $0.338 before stabilizing at $0.333, demonstrating resilience despite the simultaneous unlock of 40 million tokens worth $12 million. The token’s modest 1% dip post-unlock suggests controlled sell pressure.
Meanwhile, XRP faces growing bearish sentiment as short positions accumulate. Trading volume spiked 91.7% to $254 million, though price action remained subdued compared to other newly listed assets.
New Coinbase Email Scam Targets SHIB Holders, Shiba Inu Issues Warning
The shiba inu community faces a sophisticated phishing attack disguised as an official Coinbase email. Fraudulent messages demand account verification under threat of fund restrictions, aiming to steal wallet credentials and recovery phrases.
Susbarium, a Shiba Inu-focused watchdog, identified the scam circulating via fake compliance alerts. The operation mirrors classic social engineering tactics—exploiting urgency and trusted brand recognition to bypass user caution.
This incident underscores persistent security vulnerabilities in crypto ecosystems, particularly around meme coins with retail-heavy user bases. Unlike exchange hacks or smart contract exploits, phishing relies entirely on human error—a vulnerability no blockchain can algorithmically fix.
Bittensor Price Prediction: Can AI Leader Compete Against Dogecoin & Unilabs in 2025?
Bittensor’s TAO token faces cooling interest as Unilabs gains traction with its AI-driven hedge fund model. Unilabs distinguishes itself through tangible utility—offering a 30% revenue-sharing mechanism that appeals to income-focused investors. Meanwhile, dogecoin whales moved $60 million to Coinbase, triggering a 3.43% drop in DOGE/USDT and raising sell-off concerns.
The DOGE/USDT pair now teeters NEAR the $0.19 support level, with RSI at 32.97 hinting at potential oversold conditions. Trading volume plummeted 26.15%, reflecting market caution. A breach below $0.19 could accelerate losses, while a rebound might target $0.2001 resistance.
