Coinbase problems have increased after violating the recent user data on the legal front during the weekend. At least six lawsuits against the United States, which is based in the United States, have been filed after the cybersecurity incident, a report issued by Cointelegraph was required on Monday. The stock exchange, in these legal deposits, was accused of its failure to protect the user security and the bad dealing of the effects of the accident. According to what is reported, deposits show that Coinbase users are afraid of more financial threats after their personal details with Internet criminals have become.
The lawsuits were filed against Coinbase last week, between May 15 and May 16. Most of them were presented in New York and at least one was presented in the California Court, a report He said, quoting public records.
Coinbase lawsuit details
According to the report, Coinbase said that Coinbase has failed to train its employees sufficiently, which led to data breach. The lawsuits claim that the exchange, which is described among the largest in the world, has not deployed narrow security measures and its users were exposed to fraud.
Quoting the public arrival site in the United States to the Electronic Record Court (PACER), the Cointelegraph report claimed that Coinbase users said that the stock exchange was not fast and detailed in providing information on data breach. Lawyers also criticized the stock exchange delay in announcing “meaningful steps” to alleviate timely.
One of the lawsuits also accuses Coinbase of “unfair enrichment”, claiming that the stock exchange has not spent enough on internal security systems.
Coinbase has yet to respond to the wave of lawsuits. The Stock Exchange said last week that she was working with the Securities, Stock Exchange and other relevant law enforcement agencies to identify the attackers.
Neither Coinbase nor CEO of Brian Armstrong has not participated new updates on the situation since May 15 when the stock exchange first reported the attack.
Coinbase data breach
Last week, Coinbase announced that the malicious cyber actors were able to obtain personal details about “less than one percent” of its users by bribing some customer support agents abroad. Cyber criminals also managed to defraud some of the users whose data were subjected to a breach.
According to Armstrong, the attackers had arrived at the stock exchange, which was demanding that the stolen user data possessed and requested a ransom of $ 20 million (about 171 rupees) for lack of leakage. Armstrong said that instead of surrendering to the attackers’ request, the stock exchange was setting up a $ 20 million bonus fund to obtain information leading to the attackers. In addition, the stock exchange paid users who have ended the wire money for the attackers in an unexpected way.
Coinbase presented a 8-K file with the US Securities and Stock Exchange Committee last week, claiming that these treatment expenses could range from $ 180 million (about 1541 rupees) and $ 400 million (about 3,426 rupees). Coinbase SEC told the attackers reliable, which may mean that hacked user data remains in the possession of the attackers.
Details, including names, addresses, email messages, convincing social security numbers, bank account numbers, government identifiers, and affected user account data have been hacked. However, Coinbase did not reveal the number of users who are affected by the violation of data.
