Coinbase Customers’ Personal Data Exposed in Bank Breach

Earlier this month, a security lapse at a bank used by Coinbase compromised the personal details of over 150 customers.

The breach occurred on July 11 and involved a third-party bank responsible for handling Coinbase’s payment processes.

According to a notice on the Maine Attorney General’s website, the bank mistakenly uploaded a file containing transaction and personal data to an unsecured location, potentially exposing it to unauthorized access.

In a letter to affected customers, Coinbase clarified that there is no evidence indicating that the data was accessed by unauthorized individuals or that any fraud or identity theft has occurred.

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The compromised data includes names, bank account numbers, and routing details.

Coinbase is actively cooperating with the bank’s forensic investigation, and the bank has informed law enforcement about the breach.

This incident follows a significant data breach in 2021, when hackers accessed over 6,000 Coinbase accounts.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.