Sequoia Capital Managing Accomplice Roelof Botha was among the many high-profile victims whose private info was compromised within the latest Coinbase hack.
Based on an individual aware of the matter, the incident reveals that outstanding executives had been focused within the hack towards the most important U.S. cryptocurrency trade.
As per Bloomberg report, the stolen information reportedly included Botha’s telephone quantity, tackle, and different delicate account info related along with his Coinbase profile, mentioned the supply, who requested anonymity because of the confidential nature of the scenario.
Coinbase hackers bribed customer support employees
The cryptocurrency trade disclosed Thursday that attackers had efficiently bribed customer support representatives based mostly in India to achieve unauthorized entry to shopper information. Based on studies, 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 trade for his or her silence, a requirement that the corporate rejected. Based on 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 turning into the agency’s senior steward in 2022.
Some Coinbase customers obtained safety alerts final weekend warning that their info might have been improperly accessed, based on the particular person aware of the scenario.
The incident has highlighted rising considerations in regards to the safety of cryptocurrency executives because the trade good points mainstream visibility and adoption.
Regardless of the Coinbase hack, COIN is up 9% at present to $266.4 at press time. Which means traders stay optimistic in regards to the firm’s long-term potential regardless of the info safety challenges.
