Coinbase Knew of Data Leak Early

Coinbase Delayed Disclosure of TaskUs Data Breach

• Coinbase was aware of a data breach at TaskUs in January, but disclosed it publicly in May.
• The breach involved a TaskUs employee leaking Coinbase customer data for bribes.
• TaskUs fired over 300 employees in Indore due to fraud-related issues.
• Coinbase projected potential costs up to $400 million from the breach.
• The data leak affected over 69,000 Coinbase users.

Coinbase delayed announcing a data breach involving its partner TaskUs until May, despite knowing about it since January. The breach affected more than 69,000 users and could cost Coinbase up to $400 million.