Sequoia Capital exec additionally a sufferer in Coinbase information breach — Report

Sequoia Capital exec additionally a sufferer in Coinbase information breach — Report
Sequoia Capital exec additionally a sufferer in Coinbase information breach — Report



Not less than one associate at Sequoia Capital was reportedly impacted by the current information breach amongst Coinbase customers, suggesting that information from others on the enterprise capital agency might also have been compromised.

Based on a Might 16 Bloomberg report, Sequoia Capital Managing Associate Roelof Botha’s private info accessible by means of his Coinbase account was stolen after a bunch of cybercriminals bribed the trade’s help brokers for entry to person information. Although Botha had not publicly disclosed his internet value, estimates recommended he had a whole bunch of thousands and thousands of {dollars} in property.

Coinbase disclosed the information breach in a Might 15 weblog publish, saying that a few of its customers had been focused with social engineering assaults after the criminals had entry to their private account info. The corporate mentioned the group attempted to extort $20 million in trade for not disclosing the breach, which Coinbase rebuffed.

Although the extent of the breach was nonetheless unknown, one other Bloomberg report suggested that the identical sort of assaults focused customers at Kraken and Binance. Cointelegraph reached out to representatives from each exchanges however had not acquired any response on the time of publication.

It is a creating story, and additional info can be added because it turns into accessible.