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Coinbase Stock Tanks as Data Breach and FCA Fine Spark Investor Panic
Coinbase Stock Tanks as Data Breach and FCA Fine Spark Investor Panic
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Another day, another crypto exchange under fire—this time it’s Coinbase taking the heat. A double whammy of a data breach and a regulatory slap from the FCA sent shareholders scrambling for the exits. Who could’ve guessed that ignoring security and compliance might have consequences?
The stock drop? Predictable. The irony? Priceless. Just when you thought crypto was going mainstream, the old ghosts of centralized finance come back to haunt it. Maybe next time they’ll spend less on Super Bowl ads and more on, oh, I don’t know... cybersecurity?
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