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Coinbase falls after incurring charges related to cyber attack

ReutersMay 15, 2025 11:15 AM

Shares of cryptocurrency exchange Coinbase Global COIN.O fall 3% to $255.53 in premarket

Co says it expects to incur between $180 million and $400 million in costs related to a cyber attack

COIN says cyber criminals had stolen account data for a "small subset" of its customers

However, COIN says no passwords, private keys, or funds were exposed and Coinbase Prime accounts are untouched

The company will also not pay the $20 million ransom demand it received

As of last close, COIN has gained nearly 6% YTD

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