The post KYC Data Is No Longer Safe – Coinbase Data Leak Shocks 70,000 Users appeared first on Coinpedia Fintech News
A big data breach at Coinbase has exposed the personal details of 70,000 customers and might cost the company up to $400 million. It all started in India, where someone working with Coinbase was paid to leak the data. Now, many people are asking if the KYC rules that are supposed to keep them safe are making things worse.
How the Breach Happened?
The breach, which happened in December 2024, was not caused by a direct hack of Coinbase’s systems. Instead, hackers bribed a customer service agent working for TaskUs in India to steal sensitive information belonging to about 70,000 Coinbase users.
This employee allegedly used her personal phone to take pictures of private data, while a suspected accomplice helped pass this information on to the hackers. The stolen data included government-issued IDs, home addresses, and other personal details.
In May 2025, Co
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