Coinbase Hack Suspect Stored Customer Data on Phone
Coinbase hack suspect allegedly stored data of 10,000+ users and sold it to hackers for $200 per image.
- Insider stored Coinbase user data on personal device.
- Over 10,000 customers were affected by the breach.
- Customer info sold for $200 per image to hackers.
A recent court filing has unveiled shocking details in the ongoing Coinbase data breach investigation. A suspect, reportedly with insider access, has been accused of storing sensitive customer data on her personal phone since at least September 2024. This breach affects over 10,000 Coinbase users, raising serious concerns about data security protocols within one of the world’s leading crypto exchanges.
The suspect, whose name has not yet been made public, is believed to have stolen user data—potentially including IDs, account information, and photos—and sold this information to cybercriminals. The going rate? $200 per image.
What Was Leaked and How?
According to the filing, the breach wasn’t a result of external hacking but an internal leak. The insider reportedly had access to Coinbase systems and used that to copy and store customer data. Some of this data included photos of identification documents, which are often required during KYC (Know Your Customer) verification.
With each image fetching $200, the financial incentive was clear. However, this breach not only jeopardizes individual privacy but also raises alarms about internal access control and monitoring at Coinbase.
Coinbase’s Response and Next Steps
Coinbase has yet to issue a detailed public statement on the matter, but sources suggest the company is cooperating with law enforcement agencies. A full internal audit is expected to assess how such a large volume of user data could be accessed and leaked without detection.
This incident could prompt regulatory bodies to revisit security compliance checks and force crypto exchanges to strengthen their internal data handling procedures.
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