Breach Blunder: Coinbase’s Trust Fund Went Out the Window with a Smile 😉

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Coinbase’s Big Oops: 69,000 Users Left Out in the Cold 🍪💸

Alright, so Coinbase thought it was a good idea to outsource customer support to India — because who needs security when you have cheap labor, right? Turns out, they knew about a breach since January 2025. But don’t worry, they only decided to spill the beans in May after a ransom demand — just your usual “we knew but we didn’t tell you” kinda transparency. Classic.

Sources say an employee at TaskUs — a fancy outsourcing firm — had the spying skills of James Bond but with less charm. This worker was caught taking sneaky pics of her desk and, along with a buddy, passing secret info to cybercriminals. Nice work, team. Over 200 employees in Indore got the pink slip faster than you can say “security breach,” which honestly is pretty fitting given the situation.

Delayed Disclosure? More Like Delayed Destruction

Coinbase claims support agents overseas are to blame — but let’s be honest, that’s a fancy way of saying, “It’s not our fault, blame those sneaky Indians!” It affected a whopping 69,000 users, but not enough to access their wallets — just enough to fool customers into handing over their crypto like a bad magic trick. Poof! Gone.

And yes, Coinbase says they’ve paid the users back — probably with a tired sigh and a “please go away” attitude. But questions about their timeline and honesty? Still hanging around. Classic.

TaskUs: The negligent heroes of the story

A class-action lawsuit has now declared TaskUs negligent — because apparently, they forgot that security is kinda a big deal. TaskUs denies any wrongdoing, but let’s be real: poor training, low wages, and lax oversight are probably the real culprits here. Meanwhile, Coinbase’s security team was apparently on a coffee break when all this went down. Nice.

So here we are: cheap labor, even cheaper security, and a company that just hopes you’ll forget about the mess. Spoiler alert: We haven’t. Cheers to crypto, folks — where trust is just another commodity to scam.

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2025-06-03 22:15