Coinbase Sued Over Bribed Workers’ Disclosure of User Data (1)

Coinbase Global Inc. was hit with a proposed class action Thursday shortly after revealing in an SEC filing that scammers bribed foreign employees to disclose customer information.

The breach didn’t compromise passwords or private keys, but resulted in the disclosure of names, physical and email addresses, phone numbers, the last four digits of Social Security numbers, partial bank account numbers, government ID images, account data, and corporate data, according to the Form 8-K filed May 15 with the Securities and Exchange Commission.

The company expects to pay between $180 million and $400 million in remediation costs and customer reimbursements related ...