Coinbase says that the data breach with the influence of 69,461 users took place in December

Coinbase revealed that 69,461 of the users of the Crypto Exchange were hit by a recently revealed data breach, which took place last year, according to a notification submitted to the office of the Maine Attorney General.

Among residents of the Pine Tree State, the exchange -based exchange warned that around 217 natives were hit by the incident. The company said that the exploit cyber criminals were that overseas customer support agents to gain access to names, addresses, telephone numbers, e-mails and government ID images, in addition to other types of sensitive information.

Last week, Coinbase said in a SEC entering that less than 1% of the monthly transacting users of the stock exchange were hit by the data breach. But with the help of the company’s latest income report that meant the number could have been as high as 97,000 users. This new notice from Maine shows that Coinbase has a more detailed understanding of how many of his customers were influenced.

In the notification, Coinbase said it discovered the data breach on 11 May after it took place on December 26 last year. The exchange began to observe abnormal behavior in January with some of its customer service representatives, according to a report in Bloomberg. The outlet reported that Coinbase is now being confronted with a probe from the US Department of Justice.

Coinbase did not immediately respond to a request for comments from Decrypt.

Although Coinbase CEO Brian Armstrong has tackled the situation frontally through a video that was placed on X, previously Twitter-Die has generated more than 3.6 million views, which are regulating archives, including those with the Securities and Exchange Commission, as a primary source of information that the general terrace of the incident.

“Regulation is on the backbone of this” Decrypt. “The fact that Coinbase is a public company that is under the supervision of the SEC is a bit the only reason why we have information about this.”

The incident could cost Coinbase between $ 180 million and $ 400 million, said the Exchange in a SEC application. The submission was submitted for days after an “unknown threat actor” had contacted the stock market, with $ 20 million demanding in exchange for not releasing the information.

Some, including Techcrunch Co-founder Michael Arrington, fear of human costs. “This hack – which includes home addresses and account balance – will lead to people dying,” he said on Monday at X.

According to Fischer, a company has different obligations when it comes to announcing a data breach to shareholders versus customers. Protection for the latter group amounts to a “patchwork” of rules that vary per state, she said.

‘Poisonous’ communication

According to the SEC rules, a company is obliged to announce a data breach to the shareholders within four days after a lawyer that it can be relevant to the decision of a reasonable shareholder to buy, keep or sell the shares of a company, she said.

With Class Action rights that are popping up against the exchange, Fischer added that “it will be tightened whether or not the materiality provision should have been done in January.”

In Aril, Coinbase has changed its user agreement, added two restrictive clauses to take the ability of users to take Class Action rights against the company limited or legal steps outside of federal courts in New York. After the changes on X were marked by Molly White, an old Wikipedia editor and crypto researcher, Armstrong said that the connection came down to a ‘conspiracy theory’.

Taylor Monahan from Metamask, a detective in the chain and known security expert, pushed back against the claim of Armstrong. On X she claimed that researchers had marked malicious insiders in Coinbase for most of a year.

“Every researcher under the sun has been feeding your different teams of these insane thefts and insiders for more than 6 months,” she said. “We kept existing, even while your teams explicitly punished ourselves, because we were not ‘polite’ enough and called ourselves toxic.”

Published by Stacy Elliott.