The breach has also reignited concerns about the crypto industry’s reliance on offshore labor and its vulnerability to insider threats.
Coinbase’s position remains that it is committed to transparency and user protection. “We’re committed to full transparency,” the company said, reiterating its cooperation with investigators.
In a March interview with Newsmax, the company faced criticism over its handling of security breaches and employee oversight. Despite the reassurances the Coinbase lawsuits and contentious litigation is ongoing.
