No Recent Security Breaches at Coinbase Amid Bribery Rumors

Published 9 hours agoCOIN

No Recent Security Breaches at Coinbase Amid Bribery Rumors

As of May 15, 2025, there have been no reports of a recent security breach at Coinbase involving employees being bribed by hackers to steal customer data. This follows a significant incident in December 2024, when hackers managed to steal billions in cryptocurrency from Coinbase, leading to considerable upheaval in the market, ABC News Now reported.

Coinbase has experienced security challenges in the past, including a 2021 breach where hackers exploited the SMS account recovery process to steal cryptocurrency from at least 6,000 customers, as reported by Euronews. Another incident occurred in February 2023, when Coinbase employees were targeted by an SMS phishing attack. However, attackers in that incident did not manage to access customer funds or information, according to SecurityWeek.

Despite these incidents, there is no indication that bribery of Coinbase employees has been a factor in any breaches. The company continues to focus on bolstering security measures to safeguard against social engineering and phishing attacks, highlighting a commitment to maintaining the integrity of its platform.

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