<ul><li>Coinbase, a major cryptocurrency exchange, has revealed a significant data breach exposing sensitive customer information, with attackers demanding a $20 million ransom.</li><li>The breach could result in losses up to $400 million, considering regulatory fines, legal actions, and customer compensation, prompting an internal investigation by Coinbase and cooperation with law enforcement.</li><li>Implications of the breach include risks for crypto users facing identity theft and phishing attacks, potential stock price volatility for investors, regulatory scrutiny, cybersecurity upgrades for Coinbase, and brand damage impacting revenue growth.</li><li>Experts highlighted the growing challenge of protecting customer data in digital ecosystems, emphasizing the need for robust cybersecurity measures to safeguard sensitive information.</li></ul>

Experts React: Coinbase Discloses Breach, Faces Up to $400 Million in Losses

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