Coinbase Hit by Major Cyber Attack Ahead of S&P 500 Entry Just days before its planned addition to the prestigious S&P 500 index, cryptocurrency giant Coinbase has been rocked by a cyberattack that could cost the company as much as $400 million. The attack, which targeted employees and contractors, enabled hackers to impersonate the firm…
At first perceived as a decentralized alternative to traditional financial systems, cryptocurrencies are now part of mainstream investment portfolios. They are experiencing growth in market capitalization as well as increased investor engagement. However, there is a less visible but more potent threat that these attacks are targeting crypto exchanges: the cyberattack epidemic. While positive market…
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