Coinbase USA: Threat Actor Claims to Sell Database of 600,000 Users

Pietro Melillo : 1 July 2024 08:17

In the past few hours, a new and alarming cyber threat has emerged. A threat actor has claimed to possess and intends to sell a database containing information on 600,000 US users of the Coinbase platform. This news raises serious concerns about the security and privacy of users’ personal data.

Database Details

According to the announcement posted on a hacking forum, the database includes detailed user information, such as:

• First Name
• Last Name
• Email Address
• Phone Number
• Country of Residence

These details, if they fall into the wrong hands, can be used for a variety of illegal activities, such as identity theft, financial fraud, and phishing attacks.

Currently, we are unable to accurately confirm the veracity of the breach, as no press release has been issued on the official website regarding the incident. Therefore, this article should be used as an “intelligence source.”

Data Security on Coinbase

Coinbase is one of the most popular cryptocurrency platforms in the world, with millions of users relying on its services to buy, sell, and store cryptocurrencies. The platform has always claimed to adopt advanced security measures to protect its users’ data.

Potential Consequences for Users

Users whose data has been compromised may face several risks. Personal information, such as phone numbers and email addresses, can be used for targeted phishing attacks, where criminals try to deceive victims into providing further sensitive information or gaining access to their financial accounts. Additionally, identity theft is a real threat, as stolen data can be used to open new bank accounts or apply for loans in the victims’ names.

Conclusions

This incident once again highlights the importance of cybersecurity and the protection of personal data. Users must remain vigilant and take preventive measures to protect their information. At the same time, companies like Coinbase must continue to enhance their defenses against cyber threats to ensure the security of their customers’ data.

As is our practice, we always leave room for a statement from the company should they wish to provide updates on the matter. We would be happy to publish such information with a specific article highlighting the issue.

RHC Dark Lab will monitor the development of the situation to publish further news on the blog if there are substantial updates. If there are individuals with knowledge of the facts who wish to provide information anonymously, they can use the encrypted whistleblower email.

Pietro Melillo
Head of the Dark Lab group. A Computer Engineer specialised in Cyber Security with a deep passion for Hacking and technology, currently CISO of WURTH Italia, he was responsible for Cyber Threat Intelligence & Dark Web analysis services at IBM, carries out research and teaching activities on Cyber Threat Intelligence topics at the University of Sannio, as a Ph.D, author of scientific papers and development of tools to support cybersecurity activities. Leads the CTI Team "RHC DarkLab"