Coinbase Data Breach Escalates! U.S. DOJ Steps In as Investigation Intensifies  

TradingKey – The U.S. Department of Justice (DOJ) has launched a criminal investigation into Coinbase’s data breach, potentially revealing more critical details.  

According to Bloomberg’s May 20 report, the DOJ is now examining the Coinbase  (COIN) customer data leak, with expectations that additional insights will emerge, including:  

- The number of affected users  

- When hackers first accessed customer data  

Last week, Coinbase disclosed the breach, estimating losses at $400 million. The company stated that hackers bribed customer service personnel in India to access personal user data but did not obtain passwords or private keys. Coinbase has since terminated the involved employees.  

Since May, the company has been hit by two other major setbacks:  

- May 13 – Illinois users filed a class-action lawsuit, alleging that Coinbase’s identity verification process violated the state’s Biometric Information Privacy Act (BIPA).  

- May 16 – The New York Times reported that the SEC is investigating Coinbase for potentially inflating user numbers.