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Coinbase Sat on Data Breach for Months Before Coming Clean—Regulators Left in the Dark
Coinbase Sat on Data Breach for Months Before Coming Clean—Regulators Left in the Dark
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Another day, another crypto firm playing fast and loose with user security. Coinbase—the Nasdaq-listed darling of ’compliant crypto’—knew about a breach exposing customer data months before disclosing it to regulators or users, according to Reuters.
When transparency matters least: The exchange reportedly discovered the vulnerability in early 2025 but waited until June to notify affected parties. Classic ’ask forgiveness, not permission’ strategy—especially ironic for a company that lobbies for clearer crypto regulations.
Bonus jab: At least they didn’t call it a ’strategic transparency delay’ in their earnings report. Progress?
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