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NEWS: Coinbase warns of up to $400M hit from cyberattack

FILE PHOTO: Illustration shows a representation of cryptocurrency and Coinbase logo

By Niket Nishant, Pritam Biswas and Jaiveer Shekhawat

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.

The company received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal documents.

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