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Coinbase Under Siege: SEC Investigation and $20 Million Hacker Ransom Demand Shake Up Trading Day Coinotag 16 May 2025

Coinbase Under Siege: SEC Investigation and $20 Million Hacker Ransom Demand Shake Up Trading Day ⚖️

On May 16th, COINOTAG brought attention to serious challenges confronting Coinbase as the company grapples with an SEC investigation and a major data breach.

The exchange stated that an employee was allegedly involved in a security incident, adding to its woes. These developments have notably impacted Coinbase's trading day.

Source: en.coinotag.com ↗

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