Tech
Coinbase expects up to $400 million hit from cyber attack
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Coinbase forecast a hit between $180 million and $400 million from a cyber attack that breached account data of a “small subset” of its customers, sending the crypto exchange’s shares down 3% in premarket trading on Thursday.
The company said it received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal documents.
The disclosure comes days before the company is set to join the benchmark S&P 500 index, marking a landmark moment for the crypto industry.
Coinbase said that…
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