Bloomberg Technology
Coinbase Hack Could Have Wide-Ranging Impact
Crypto trading platform Coinbase said a hacker demanded $20 million to delete illegally obtained customer data. Bloomberg’s Margi Murphy explains how the hacker gained access to Coinbase’s customer information and the potential cost of the incident. She speaks with Ed Ludlow on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: …
@joelyates2404
May 16, 2025 at 2:55 pm
I prefer “coins” I can hold in my hand.
@kittywampusdrums
May 16, 2025 at 6:52 pm
Nah, just don’t put any more into it than you can stand to lose. It’s gambling.
@VKIS.PW_Haxogu_CAUT_21
May 16, 2025 at 3:18 pm
Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (wonder obey dial dash soon tank spike scout region undo zero such). How should I go about transferring them to Binance?
@normalizedaudio2481
May 16, 2025 at 3:20 pm
Coinbase support is a bunch of teenagers who sit around playing on lap top computers. It’s no wonder some employee was compromised. Systems should be able to audit. They would find the person if they were watching porn at work.
@jaspm
May 16, 2025 at 3:51 pm
Crypto kidnapping to skyrocket 😅😅😅
@PabloSilver-b2r
May 16, 2025 at 6:50 pm
Go Real DEFI… Pulsechain
@kittywampusdrums
May 16, 2025 at 6:52 pm
Collapse the market and when it’s red BUY BUY BUY!
@natex8atms
May 16, 2025 at 7:25 pm
The “hackers” will get caught, only if FBI is involved. Just monitor the largest coinbase holder accounts then when call track them.
They used social engineering and insiders to get this data. I doubt they are genius hackers, just basic criminals/s.
@id1800
May 16, 2025 at 9:42 pm
wow she did some crazy shit to her face
@TS73827
May 16, 2025 at 10:54 pm
You have a nincompoop for a reporter
@baldeaguirre
May 17, 2025 at 12:34 am
$20 dollars seems a very bad business for the attacker.
@michealbailey6372
May 17, 2025 at 1:11 am
😢 bad news
@contemplating1015
May 17, 2025 at 2:04 am
😂🤡
@PilotVBall
May 17, 2025 at 4:21 am
😂😂😂😂😂😂
@benmaxinm
May 17, 2025 at 5:42 am
Cold wallets, the only way. Not your keys, not your crypto. Normies need to wake up.
@mradventurer8104
May 17, 2025 at 11:04 am
No combination of cold wallets, hot wallet and exchange to dilute risk. Only cold.wallet is also risky because these can also be hacked/socially engineered.
@benmaxinm
May 17, 2025 at 11:31 am
@@mradventurer8104 you can say that about any system that holds valuable information about your financial conditions
@patrickchan2503
May 17, 2025 at 1:30 pm
ok thanks for the advice, but what’s your slogan got to do with social engineering? Before you call normies normies and elevate yourself,
@benmaxinm
May 17, 2025 at 1:48 pm
@@patrickchan2503if you are on cold wallet, you wont be appearing on internal balance list of Coinbase as a top holder of a xyz crypto, you would appear with zero balance
@SF-po2pb
May 17, 2025 at 6:04 pm
Or your physically targeted. Most people don’t anticipate the social impact of a collapsing economy. Expect job loss, economic hardship and mental illness, to increase violence and crime. A new book called Dealing with Burglary and Home Invasion Robbery. Keep yourself, family and property safe read the book.
@DazzaHazza
May 17, 2025 at 6:42 am
this was not a hack – it was a deliberate leak
@aleeah3532
May 17, 2025 at 9:17 am
Some peeps talking about cold wallets, but wouldn’t they have to be moved to exchange if they ever want to sell? And what if there’s an instance you want to sell immediately, wouldn’t it take time to move from wallet to exchange? Owning crypto just seems like a loss-loss scenario 💀
@benmaxinm
May 17, 2025 at 10:26 am
Selling at exchange exposes you for a fraction of time. You wont also pop up with high balance on any internal list because you already sold, so on exchange your balance is zero or very low. Very low balance = not interesting person to attack.
@hikarilover8
May 17, 2025 at 9:26 am
build icp fronts end
@seitavw
May 17, 2025 at 10:52 am
Not a hack, it was a customer data leak into a phishing scam on the customers. Its not like CBase was drained of money ny NKorean hackers
@MrTom-kl7hy
May 17, 2025 at 11:03 am
Crypto is the solution to a non-existent problem.
@JonnyD-gl7cn
May 17, 2025 at 11:24 pm
so is your regular banking and stock account.
@vaughanmoody
May 18, 2025 at 2:16 pm
I would say having one, global currency without having to deal with the fluctuations & complications of over 100 different currencies around the world, is a benefit to consider.
For people who work in high-income countries to be able transfer value to their families in lower-income countries, without having to pay exorbitant fee, is another benefit to consider.
Being able to self-custody your savings without having to keep it in a bank where it’s no longer “your money” because it gets lent out and is therefore exposed to risk, is another benefit to consider.
There are people who live in countries where their savings are constantly eroded because of hyper inflation, and who are open to their savings being seized by corrupt governments, who benefit from the censorship-resistant, self custody attributes of Bitcoin. If people can’t save their money, they end up living day to day, and they can’t really plan for the future.
Being harder than gold and faster to settle than fiat, is another benefit to consider.
Being able to save the compensation we get in return for our hard work (by storing it in Bitcoin), in something that has a fixed supply, and which goes up in value over the long term, without having to either store our compensation either in something that loses it’s purchasing power over time (fiat/cash), or without having to find complicated ways to invest that compensation so that it either grows or at least maintains its value, is another factor to consider.
This short video explained by an economist may help.
@greggwelch3044
May 17, 2025 at 11:15 am
Are you kidding me? Coinbase for all intensive purposes has no customer service, it’s awful! They are not getting back to their customers, it’s a f……… nightmare!
@TECHN0
May 17, 2025 at 11:58 am
Time to shut down my account on coinbase
@jonstirling9169
May 17, 2025 at 12:24 pm
For being a secure technology, there sure is a lot of losses surrounding it. Maybe put your crypto in a shoe box next time.
@JonnyD-gl7cn
May 17, 2025 at 11:23 pm
bald mfer used cheapest labor he could find in Pakistan.
@kidchaos1313
May 17, 2025 at 1:10 pm
Hopefully the effect will be to stop offshoring jobs to india to be cheap as hell and keep jobs and access within the US that contains sensitive information that deals with financial access. This should be a law.
@Feedback406
May 17, 2025 at 5:10 pm
🔥🔥🔥🔥
@janejustin1788
May 18, 2025 at 12:54 am
keep dreaming lol
@N34R4T0M4T
May 17, 2025 at 1:20 pm
Yikes
@Frank_Sidebottom
May 17, 2025 at 2:18 pm
Not a hack. Espionage. Tell the truth
@KingsRight
May 17, 2025 at 2:50 pm
400 million is pocket change. it won’t dent the market. coinbase does billions of volume that makes this look like nothing.
@SF-po2pb
May 17, 2025 at 6:02 pm
Unless it’s your account. Lol-
@loggovoitto5088
May 18, 2025 at 12:16 am
Its not about the sum stolen, its about questionable security and procedure. This time only 400M but if nothing fixed, it could be 400B next time.
@donaldjohnson-l2c
May 17, 2025 at 5:30 pm
When customer service is outsourced – they are taking a risk.
@__-nr9yh
May 17, 2025 at 6:07 pm
I’ve got a low dollar level nft missing from my coinbase web3 wallet, but nothing else….
@__-nr9yh
May 17, 2025 at 6:09 pm
My main cb account is passkeyed.
@gren509
May 17, 2025 at 6:26 pm
They should know who needs to go to jail for this !
@IreneV-e6z4l
May 17, 2025 at 6:52 pm
i got hit may 1 55k stolen from my account with coinbase and they refused to give me their swift code for me to complete my ic3 report online with the FBI ,,,, i had my long ass password and biometrix to log in no matter what they sold all my positions to usd and transfer them to their wallet…coinbase sux ,,, they try my binance account and they got lock out …
@JonnyD-gl7cn
May 17, 2025 at 11:22 pm
It was not a hack to start out with. You call that reporting?
@paulnam6524
May 18, 2025 at 1:46 am
Why haven’t people learned by now to store their crypto in cold storage. It’s so easy, there are lots of choices and it takes literally no technical skill, it’s about $70 to buy a cold storage wallet online. Get one and your crypto will never get hacked again.
@MahirSumara
May 18, 2025 at 4:18 am
They don’t want you to see this book. And after reading it, I understand why. Hidden Codex of Wealth by Dorian Caine shows you truths that are too real, too raw, too effective to be shared publicly. This isn’t motivation—it’s information you’re not supposed to have.
@I_M_GAMER339
May 18, 2025 at 4:18 am
I thought I had it figured out. Hustle, grind, invest… but something still felt off. I was missing something. Then I read Hidden Codex of Wealth by Dorian Caine, and it exposed the cracks in everything I believed. I’m not exaggerating when I say it flipped my entire view of wealth upside down.
@_D_4_free_fire
May 18, 2025 at 4:18 am
It’s the first book that made me feel both terrified and unstoppable. Hidden Codex of Wealth by Dorian Caine didn’t just give me knowledge—it gave me clarity. And once you see what’s really going on… nothing ever looks the same again.
@rajeshvishwakarma4326
May 18, 2025 at 4:23 am
You ever feel like something’s off with how the world works? Like… we’re missing something crucial? That’s what I felt for years. Then I read Hidden Codex of Wealth by Dorian Caine and it confirmed everything I suspected—and then some. It’s not for everyone. But it was exactly what I needed.
@DineshNatam-r9b
May 18, 2025 at 4:23 am
I didn’t grow up with wealth. I grew up with stress, with bills, with “save every penny” mentality that never actually worked. Then I read Hidden Codex of Wealth by Dorian Caine, and I swear… it was like hearing the truth for the first time in my life. I wasn’t stupid—I was just never shown the real rules.
@PrabhatPratapsingh-b6v
May 18, 2025 at 4:28 am
I swear, I felt like I had uncovered some forbidden scroll or stolen playbook. Hidden Codex of Wealth by Dorian Caine doesn’t hold back—it’s brutal, uncomfortable, and exactly what people like us were never supposed to see. And that’s why it works.
@user-hi5cm1kl9r
May 18, 2025 at 4:32 am
This book made me angry. Like, genuinely angry. At the system. At school. At the people who told me I was just “bad with money.” I wasn’t. I was just never taught how it actually works. Hidden Codex of Wealth by Dorian Caine opened my f***ing eyes.
@skatultiwari
May 18, 2025 at 4:35 am
It’s honestly scary how accurate this book is. I read one chapter and felt like someone had reached into my head and exposed every lie I’d ever been sold about money. Hidden Codex of Wealth by Dorian Caine hit me harder than any course, mentor, or book I’ve ever read.
@Renufashioncollection8
May 18, 2025 at 4:35 am
Reading this felt illegal. Like I was holding something I wasn’t meant to touch. Hidden Codex of Wealth by Dorian Caine doesn’t try to inspire you—it rips the mask off the game and shows you how deep the rabbit hole goes. It’s not a book. It’s a weapon.
@chewiechomp
May 18, 2025 at 7:45 pm
I was getting MANY messages about someone trying to access my email. Just DELETE. Change your passwords DIRECTLY. I also received a phone call from ‘coin’ asking if I CHANGED my password. I asked to read me my last transaction.. They couldn’t. Be SMART.