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Crypto Regulationin Cryptocurrency
Updated 2 hours ago

Crypto faces security gaps as off-chain errors lead to massive losses, while Hong Kong advances stablecoin regulation and South Korea strengthens oversight before institutional crypto adoption.

Coinbase Faces DOJ Heat Over Hack As It Enters S&P Spotlight

BitcoinistTuesday, May 20, 2025 at 10:00:20 PM
Coinbase Faces DOJ Heat Over Hack As It Enters S&P Spotlight
** Coinbase had a rough debut in the S&P 500—its stock dropped to around $263 after an initial high, and then the DOJ announced it’s investigating how hackers managed to steal customer data from the exchange. Not exactly the welcome party they were hoping for, especially after replacing Discover Financial Services on the index.
What This Means: ** This isn’t just about a bad day on the markets. The DOJ probe raises serious questions about Coinbase’s security practices at a time when crypto exchanges are under intense scrutiny. For everyday investors, it’s a reminder that even big players in crypto aren’t immune to hacks—or regulatory headaches. And with Coinbase now in the S&P 500, its stumbles could ripple through traditional finance, too.
— Curated via WP Now’s AI editorial system

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