According to the latest reports from Reuters, the exchange had prior knowledge of the data breach but delayed public disclosure, sparking concerns about transparency and security practices. Coinbase suffered a major data breach last month, exposing sensitive customer information, including names, addresses, and phone numbers. Coinbase Hack: Prior Knowledge & Delayed Disclosure Raise Concerns In a surprising revelation, Reuters reported that Coinbase had prior knowledge of a customer data leak as early as January. This raises questions about the company’s delayed public disclosure. According to Coinbase’s SEC filing, the company was aware that contractors had accessed unnecessary data in the “previous months”. The company added that they didn’t know that it was part of the larger operation until they received an extortion demand on May 11. On May 15, as CoinGape reported, Coinbase revealed a significant hack that involved the stealing of personal information of high-profile users like Sequoia Capital’s… Read More at Coingape.com

The post Coinbase Knew of Data Breach in January, Delayed Public Disclosure: Reuters appeared first on CoinGape.

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