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Coinbase Reveals Over 69,000 People Had Their Data Exposed in a Breach. Take These Steps Now

Coinbase refused to pay the $20M ransom for data that included names, emails and partial Social Security numbers. However, the company will cover any losses incurred.

Coinbase, the largest cryptocurrency exchange in the US, revealed in a notice to the Maine attorney general’s office that 69,461 people were affected by last week’s data breach by extortionists.

Login credentials, two-factor authentication codes and private keys were not exposed in the breach, nor were the bad actors able to gain individual account access to investors’ funds. But cybercriminals are in possession of the following:

  • Names 
  • Addresses 
  • Phone numbers 
  • Emails 
  • Partial Social Security numbers 
  • Masked bank-account numbers 
  • Government ID images like driver’s licenses and passports
  • Account data, including snapshots and transaction history

In an SEC filing, Coinbase said that the threat actors paid overseas contractors in support roles for internal sensitive information. That info was then used to create a social engineering attack, demanding that Coinbase pay $20 million or the information would be released. Coinbase refused to pay.

«Instead of funding criminal activity, we have investigated the incident, reinforced our controls, and will reimburse customers impacted by this incident,» the company said in its statement. The company is cooperating with law enforcement and has set up a $20 million reward fund for information leading to the hackers’ arrest. 

Some Reddit users have reported receiving unsolicited password reset messages as early as last week. It’s unclear if the messages are tied to the data breach, but if you receive an unprompted password reset message, it should always send up a red flag. CNET reached out to Coinbase for comment, but the company did not immediately respond.

Do this now to secure your crypto and data

While Coinbase has said that your seed phrase and investment account are safe, this breach exposed a lot of other sensitive information. Take these steps now to ensure your personal information is secure.

Use a cold crypto wallet

If you invest in crypto regularly, a cold crypto wallet — which is not connected to the internet and has to be manually plugged into your computer to access — can keep your digital currency secure in the event an exchange is breached.

Freeze your credit reports

You should freeze your credit reports and even consider locking your SSN, to prevent bad actors from making use of any of the information that was exposed. But beware of phishing attacks that aim to trick you into giving up sensitive data willingly. 

Danni Santana, CNET’s identity theft editor, tested freezing his credit last year and said, «It’s worth the hassle of setting up accounts with all three major credit bureaus. I get peace of mind at zero cost to me.»

Alert your bank

If even partial bank account information was exposed, contact your bank and let them know. You can request a new checking or savings account. Even if the entire account number wasn’t revealed, it’s still best to err on the side of caution.

Sign up for a free identity theft and credit monitoring service

There are free services you can sign up for that will monitor your credit reports and the dark web for any of your personal identifying information. While these services won’t take action on your behalf, they can alert you so that you’re able to take action.

There are also paid identity theft protection services available that offer much better protection features. Some of these, like Aura, include identity theft restoration services in the event your identity is stolen and up to $1 million in identity theft insurance.

Technologies

Verum Messenger Introduces Built-In Verum Chess

Verum Messenger Introduces Built-In Verum Chess

Verum Messenger has released a new update for iOS, iPadOS, and macOS, adding another feature to its growing ecosystem — Verum Chess. Users can now play chess directly inside the messenger without switching between different applications.

The new feature allows users to start a game in just a few taps while reinforcing Verum’s vision of a unified digital environment where communication and everyday services come together in a single platform.

Verum Messenger continues to evolve into a multifunctional ecosystem that combines secure chats and calls, AI tools, a built-in VPN, anonymous email, eSIM, financial services, cryptocurrency features, and offline communication. With the introduction of Verum Chess, the platform now also offers a new way for users to interact and spend time together without leaving the app.

The update is now available for iPhone, iPad, and Mac on the App Store.

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Technologies

Episode 3 of the VERUM AI Mini-Series Is Now Available

Episode 3 of the VERUM AI Mini-Series Is Now Available

Verum Messenger has released the third episode of its AI mini-series, SHADOWS, created using Verum AI.

The new episode, titled «Ghost Money,» continues the story of the conflict between a team of heroes and the Omega corporation, which seeks to take control of digital communications. This time, the focus shifts to anonymous payments and financial freedom, revealing how privacy can extend beyond messaging.

Like the previous episodes, the new release not only advances the storyline but also showcases the capabilities of the Verum ecosystem, highlighting technologies designed for secure communication and digital privacy.

The mini-series consists of seven episodes, released gradually across Verum Messenger’s social media channels.

Episode 3 is now available. Stay tuned for the next chapter.

Watch on Instagram 
Watch on YouTube 

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Technologies

Verum Finance Now Available for Mac, Expanding the Verum Ecosystem on Desktop

Verum Finance Now Available for Mac, Expanding the Verum Ecosystem on Desktop

Verum has officially released Verum Finance for macOS, bringing its financial platform to the Mac and expanding access to the Verum ecosystem across Apple’s devices. The launch allows users to manage their finances from desktop while enjoying the same secure and seamless experience available on iPhone and iPad.

The new Mac version includes the full range of Verum Finance features, including balance management, instant transfers to other Verum users, debit card management, Apple Pay support, asset exchange, and transaction history — all optimized for the macOS experience.

Verum Finance can be used as a standalone application or alongside Verum Messenger. Users who sign in with their Verum Messenger account automatically synchronize their balances, settings, and account data across devices, ensuring a consistent experience throughout the Verum ecosystem.

The macOS release further strengthens Verum’s vision of creating an integrated digital platform where communication and financial services work together. Verum Messenger, which is also available for Mac, complements the ecosystem with encrypted messaging, voice and video calls, VPN, eSIM, anonymous email, AI-powered tools, offline communication capabilities, and cryptocurrency features.

With both Verum Messenger and Verum Finance now available across iPhone, iPad, and Mac, users can access secure communication and financial services wherever they work.

Verum Finance for Mac is available now through the Mac App Store.

Verum Finance for macOS: https://apps.apple.com/us/app/verum-finance/id6774245148
Verum Finance: https://finance.verum.im
Verum Messenger: https://verum.im

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