Time to file. That’s how lawyers across the country are responding to a breach at cryptocurrency platform Coinbase, which the company reported on May 15. That breach, Coinbase said in a blog post, was the result of platform insiders who “abused their access to customer support systems to steal the account data for a small subset of customers.” Though the breach didn’t involve the theft of information related to logins, keys, or funds, Coinbase said the perpetrators did obtain some personal information including names, addresses, phone numbers, emails, and partial Social Security numbers. Tactical matters. Coinbase attackers took a strategic approach, recruiting overseas customer support and bribing them to copy customer information, allegedly to “gather a customer list they could contact, while pretending to be Coinbase—tricking people into handing over their crypto,” according to the company. “They then tried to extort Coinbase for $20 million to cover this up,” Coinbase wrote. “We said no.” For more on the lawsuits, keep reading here.—EH |