Coinbase Faces DOJ Probe After Overseas Staff Allegedly Took Bribes to Breach Security

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2025-05-20 08:14:46

DOJ opens probe into Coinbase breach involving bribed overseas staff: report

U.S. authorities are digging into claims that foreign Coinbase employees accepted payouts to bypass safeguards—because nothing says ’decentralized ethos’ like old-fashioned corruption.

The Department of Justice’s investigation could expose fresh cracks in crypto’s compliance armor, just as the industry begs for mainstream legitimacy. Watchdogs are circling: expect more scrutiny on offshore operations and KYC loopholes.

Another day, another reminder that blockchain might be trustless—but the humans building it? Not so much.

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