Coinbase faces regulatory scrutiny due to recent security breach, but stock remains steady

From Yahoo Finance: 2025-05-21 11:58:00

Coinbase Global, Inc. is facing increased regulatory scrutiny following a security breach that led to the loss of customer accounts. The US Department of Justice is investigating the breach, but Coinbase claims criminal actors were behind it. The exchange may have lost customer names, addresses, and emails, but not login credentials.

Despite the breach, Coinbase stock remains steady and is expected to incur a hit of $180 million to $400 million. The SEC is also investigating the company for potentially misstating customer data in its disclosure. Coinbase’s stock has been performing well, boosted by the overall bullish trend in the cryptocurrency sector.

As Coinbase faces regulatory scrutiny, its stock continues to rise, hitting its highest level since February. The crypto sector is gaining momentum, with Bitcoin reaching $100,000 and predictions of even higher prices in the future. While Coinbase has potential, some believe that other AI stocks offer greater promise for higher returns with limited downside risk.



Read more at Yahoo Finance: Coinbase (COIN) Stock Holds Steady Amid Regulatory Scrutiny