Coinbase, Data Breach and securities and exchange commission
Digest more
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Coinbase said customer passwords and private keys were protected by its systems, and “at no time were any of the targeted contractors or employees able to access customer funds.”
Scammers demanded $20 million for customer data obtained by bribing insiders. Coinbase stock price tumbled Thursday following the incident.
2don MSN
Cryptocurrency exchange Coinbase Global is joining the S&P 500 stock market index, replacing Discover Financial Services. Here's why.
Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.
Explore more
Shares of Coinbase took another leg lower Thursday afternoon on a report the SEC is investigating whether the crypto exchange has misstated its user numbers.
Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.
Coinbase CEO Brian Armstrong said that the firm is always looking for mergers and acquisition opportunities as it readies to join the S&P 500.
Coinbase forecast a hit of $180 million to $400 million from a cyberattack that breached account data of a "small subset" of its customers, the crypto exchange said in a regulatory filing on Thursday.