Sequoia Capital Managing Companion Roelof Botha was among the many high-profile victims whose private info was compromised within the current Coinbase hack.
In response to an individual acquainted with the matter, the incident reveals that distinguished executives had been focused within the hack in opposition to the most important U.S. cryptocurrency alternate.
As per Bloomberg report, the stolen knowledge reportedly included Botha’s telephone quantity, handle, and different delicate account info related along with his Coinbase profile, stated the supply, who requested anonymity as a result of confidential nature of the scenario.
Coinbase hackers bribed customer support employees
The cryptocurrency alternate disclosed Thursday that attackers had efficiently bribed customer support representatives primarily based in India to realize unauthorized entry to consumer knowledge. In response to reviews, the compromised info included names, beginning dates, addresses, nationalities, authorities identification numbers, banking info, and account info.
Following the breach, the hackers tried to extort $20 million from Coinbase in alternate for his or her silence, a requirement that the corporate rejected. In response to Coinbase officers, suspicious exercise from sure customer support representatives had been detected as early as January.
Botha is a member of the so-called “PayPal Mafia,” the infamous group of entrepreneurs and traders, together with Peter Thiel and Elon Musk. He has additionally been with Sequoia Capital since 2003, the place he made early investments in corporations like YouTube and Instagram earlier than changing into the agency’s senior steward in 2022.
Some Coinbase customers acquired safety alerts final weekend warning that their info could have been improperly accessed, in line with the individual acquainted with the scenario.
The incident has highlighted rising considerations in regards to the safety of cryptocurrency executives because the business features mainstream visibility and adoption.
Regardless of the Coinbase hack, COIN is up 9% immediately to $266.4 at press time. Which means that traders stay optimistic in regards to the firm’s long-term potential regardless of the info safety challenges.
