The Fall of Coinbase: Data Breach and the Great Distraction

Crypto Pandemonium: When Trust Turns to Dust 😅

In the crumbling empire of digital gold, Coinbase stands battered, bruised, and occasionally hilarious. Once a titan, now a laughingstock, it faces the unspeakable shame of a recent hack—because what could go wrong with outsourcing your fortress of secrets to TaskUs in India? More like TaskUs in Trouble. 🤡

Adam Cochran—yes, that one—had the nerve to criticise the company for relying on contractors instead of loyal, armored knights. Because nothing screams security like a bunch of gig workers snapping photos of your precious data, right? 📸

On a Monday that will live in infamy, Reuters reported that a TaskUS employee was caught taking clandestine snapshots of her screen, possibly to sell Coinbase’s customer secrets. Ah, the sweet smell of betrayal—like grandma’s apple pie but with a dash of treason. 🍏💥

Turns out, this was no isolated incident but part of a grand conspiracy. Two hundred employees shown the door—fired faster than you can say “security breach.” Maybe they thought “fire” meant promotion? Nope. Just exit stage left. 🚪🔥

the hackers, true artists of their craft, demanded a paltry $20 million to hush up the mess. Coinbase’s response? A resounding “No, thank you.” Pride before a fall, my friends. 💸🚫

Read More

2025-06-03 11:25