Coinbase Expects up to $400 Million Hit from Cyber Attack
May 15 (Reuters) - Crypto exchange Coinbase said on Thursday it expects to incur between $180 million and $400 million in costs related to a cyber attack.
The company said account data including names, addresses and emails were stolen for a "small subset" of its customers, but the attackers did not get access to login credentials or passwords.
"We will reimburse customers who were tricked into sending funds to the attacker," Coinbase said.
Coinbase shares dropped 2.9% in premarket trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10