Coinbase Shares Fall Following User Data Breach
By: ihodl|2025/05/16 07:45:05
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Coinbase shares fell following reports of a cyberattack that exposed customer data and an ongoing SEC investigation into misreported 2021 user figures. This double dose of negative news concerned investors, causing the company's shares to fall 7% to $244 in after-hours trading on May 15, according to Google Finance. Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange Coinbase confirmed The New York Times report, indicating that the SEC has been investigating whether Coinbase misreported user numbers, an investigation that began under the Biden administration and has persisted under the Trump administration. Coinbase chief legal officer Paul Grewal said: Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
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