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Coinbase drops 4% after cyberattack

By API User | May 16, 2025

Coinbase says some user data stolen in cyberattack

Shares of Coinbase Global Inc. slid more than 4% on Thursday after the company disclosed it had been targeted by hackers.

The crypto platform said that less than 1% of customers’ data was stolen in the cyberattack, but insisted no passwords, private keys, or funds were exposed and added it will reimburse users who were tricked into sending funds to the attacker.

Coinbase’s stock plunged 4.75% to $251.39 at 9:39 am ET.