Coinbase experienced a data breach leading to stolen client funds and a $20 million ransom demand.

From Morningstar: 2025-05-16 05:02:00

Coinbase Global experienced a data breach where cyber criminals accessed customer accounts and personal data, leading to stolen client funds and a $20 million ransom demand that the firm refused. The breach affected less than 1% of clients, with estimated costs of $180-$400 million. Despite this, Morningstar will maintain a fair value estimate of $170 per share for Coinbase. The company’s response and transparency have been praised, but there may be reputational damage to overcome.



Read more at Morningstar: Coinbase Shares Fall on Customer Data Breach but…