Coinbase, Ransom and Cybercriminals
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The crypto rally has more room to run, but a short-term pullback is likely before new all-time highs, analysts said.
Coinbase CEO Brian Armstrong said on X that the crypto exchange had been targeted in a sophisticated extortion attempt involving insider collusion and customer data theft. Armstrong said hackers tried to bribe Coinbase’s overseas customer support agents for access to internal tools,
Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One Financial.
Coinbase has bitcoin on the balance sheet, but management wants to be clear it's not taking the Michael Saylor/MSTR approach.
Revelation of the hack comes just three days after Coinbase's addition to the S&P 500 Index. Read more at straitstimes.com. Read more at straitstimes.com.
Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.
Coinbase joins the S&P 500, bringing nearly $1B in Bitcoin onto the world’s most tracked index—and marking a turning point for corporate Bitcoin treasury strategy.
The cryptocurrency sector declined 4% on Thursday, with aggregate market capitalization hovering precariously above the $3.4 trillion mark. Top altcoins XRP, Solana and Cardano booked losses higher than the market average, with the more resilient performance of BTC and ETH signaled a flight-to-quality trade.
Coinbase Global Inc. said hackers bribed contractors or employees outside the US to steal sensitive customer data and demanded a $20 million ransom, in one of the most high-profile security
Coinbase joins the S&P 500, marking a milestone for Bitcoin, further highlighting Bitcoin’s strong performance, outperforming gold and the S&P 500 over the years.
Coinbase reported first-quarter earnings that missed analysts' expectations, and shares dropped in extended trading on the heels of a Bitcoin-driven rally Thursday.
Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9. On May 9, Coinbase saw 9,739 Bitcoin (BTC),