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Coinbase revealed its Q2 earnings took a $307 million hit from a major data breach, as spot trading volumes fell and revenue declined; the breach involved cybercriminals bribing offshore customer service staff to access user data, with total losses initially estimated up to $400 million.

Coinbase revealed its Q2 earnings took a $307 million hit from a major data breach, as spot trading volumes fell and revenue declined; the breach involved cybercriminals bribing offshore customer service staff to access user data, with total losses initially estimated up to $400 million.
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