Migliaccio & Rathod LLP is involved in the Coinbase Data Breach Investigation, regarding a breach that impacted an undetermined number of individuals and their personal information.
On May 11, 2025, Coinbase, a leader in cryptocurrency, fell victim to a ransom attack, whereby a cybercriminal sent an email demanding $20 million in exchange for disclosing the personally identifiable information of its consumers. Although Coinbase refused to pay the ransom, its subsequent investigation determined the threat actor apparently obtained this information by paying several Coinbase contractors or employees (working in support roles outside the United States) to collect information from internal systems that they had access to. The compromised information includes, but is not limited to, the following sensitive data:
- full names
- physical addresses
- email addresses
- Social Security numbers
- bank account numbers
- government-ID images (such as driver’s licenses and passports)
- Coinbase Account data (including balance snapshots and transaction history)
The Coinbase Data Breach
Coinbase recently provided notice of the data breach to the United States Securities and Exchange Commission. All of the information stolen is likely valuable and dangerous to affected victims. As is likely to be the case with the Coinbase data breach, in previous cyberattacks, victims of data theft have noticed identity theft attempts ranging from fraudulent charges on bank accounts or credit cards, to unauthorized credit card applications, to medical services or government services ordered in their name, to their information being posted on the dark web, to a massive uptick in the number of spam text messages, calls and emails received.
Are you concerned that you might be affected by the Coinbase data breach?
If you have concerns that you have been affected by this data breach, and/or have experienced suspicious activity since May 11, 2025, we would like to hear from you. Please complete the contact form on this page, send us an email at info@classlawdc.com, or give us a call at (202) 470-3520.
The lawyers at Migliaccio & Rathod LLP have years of experience in class action litigation against large corporations, including in cases involving data breaches such as this. More information about our current cases and investigations is available on our blog.