Coinbase's delayed response to the TaskUs data breach raises concerns, as the exchange faces potential costs between $180 million and $400 million.
Coinbase was informed in January 2025 of a data breach involving contractor TaskUs, affecting nearly 70,000 users. The exchange delayed notifying regulators until May, resulting in over 200 terminations and potential costs between $180 million and $400 million. An extortion attempt emerged in May, with hackers demanding $20 million for the stolen data.