The post Coinbase Leak Could Result In Users ‘Dying’, Expert Warns appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase is under scrutiny after confirming a security breach that exposed personal information of some of its users. The crypto exchange said fewer than 1% of its monthly transacting users were affected. Still, that small slice could mean thousands of people. According to reports, the attack could end up costing Coinbase as much as $400 million in reimbursements. But money might not be the biggest issue here. What’s more troubling is the kind of information that was leaked—home addresses and account balances. Some experts say this kind of data falling into the wrong hands could put people in real danger. Stolen Info Could Lead To Physical Violence Michael Arrington, founder of TechCrunch and Arrington Capital, didn’t hold back his concerns. In a May 20 post on X, he said this breach could lead to people “dying.” “It probably has already,” he added. His comment wasn’t just a hot take. There’s been a wave of violent attacks aimed at crypto holders. These are not random thefts—some involve kidnapping and even torture. I am a long time investor in and champion of @coinbase. Something that has to be said though – this hack – which includes home addresses and account balances – will lead to people dying. It probably has already. The human cost, denominated in misery, is much larger than the $400m… pic.twitter.com/ruSYKAGH7x — Michael Arrington 🏴‍☠️ (@arrington) May 19, 2025 On May 4 in Paris, the father of a French crypto entrepreneur was abducted. The attackers reportedly cut off one of his fingers and sent a video to his son, demanding 5 million euros in crypto. French police eventually rescued the victim after two days and arrested five suspects. That happened just days before Coinbase confirmed its…

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Filed under: News - @ May 21, 2025 7:18 am