DOJ Launches Criminal Probe Into Coinbase Breach Involving Bribed Employees
Bitcoin.comMonday, May 19, 2025 at 9:17:31 PM
** The U.S. Department of Justice (DOJ) has opened a criminal investigation into a security breach at Coinbase, where employees allegedly accepted bribes to help hackers steal customer funds. The probe highlights concerns about insider threats in the crypto industry and raises questions about Coinbase’s internal safeguards.
What This Means: ** This isn’t just another hack—it’s a breach fueled by insider corruption, which shakes trust in one of the biggest names in crypto. If employees can be bribed to undermine security, it’s a bad look for Coinbase and a warning for the entire industry. The DOJ’s involvement signals this could lead to serious legal consequences, not just reputational damage.
— Curated via WP Now’s AI editorial system
