Coinbase's stock dipped on its entry day into the S&P 500, following news of a US Justice Department probe into a hack that compromised customer data.
The DOJ's criminal division is investigating how hackers managed to steal customer data by bribing support staff at Coinbase, leading to a breach affecting personal details.
Coinbase offered a $20 million reward and promised full reimbursements to affected users, as lawsuits mount over the compromised data and top executives like Roelof Botha face consequences.
While becoming the first crypto firm on the S&P 500, Coinbase's stock debut was marred by regulatory challenges, including ongoing SEC investigations and now the DOJ's involvement in the hack.