Coinbase Confirms DOJ Investigation Following Major Security Incident
NewsBTCMonday, May 19, 2025 at 10:47:31 PM
** The U.S. Department of Justice is digging into a major security breach at Coinbase, the country’s biggest crypto exchange. Sources say investigators are looking at how the breach happened, sparking fresh worries about how safe cryptocurrency platforms really are. Coinbase says it’s cooperating, but the probe adds to growing scrutiny of crypto’s vulnerability to hacks.
What This Means: ** Crypto exchanges hold billions in digital assets, so when a giant like Coinbase gets hacked—and now faces a DOJ investigation—it’s a red flag for everyone. This isn’t just about lost money; it’s about trust. If even the big players can’t keep data safe, regulators might step in harder, and users could get spooked. For an industry already battling skepticism, that’s bad news.
— Curated via WP Now’s AI editorial system
