Sequoia Capital Managing Associate Roelof Botha was among the many high-profile victims whose private data was compromised within the latest Coinbase hack.
Based on an individual conversant in the matter, the incident reveals that outstanding executives have been focused within the hack in opposition to the biggest U.S. cryptocurrency trade.
As per Bloomberg report, the stolen information reportedly included Botha’s cellphone quantity, handle, and different delicate account data related along with his Coinbase profile, stated the supply, who requested anonymity as a result of confidential nature of the state of affairs.
Coinbase hackers bribed customer support workers
The cryptocurrency trade disclosed Thursday that attackers had efficiently bribed customer support representatives based mostly in India to realize unauthorized entry to consumer information. Based on studies, the compromised data included names, beginning dates, addresses, nationalities, authorities identification numbers, banking data, and account data.
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 buyers, together with Peter Thiel and Elon Musk. He has additionally been with Sequoia Capital since 2003, the place he made early investments in firms 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 data might have been improperly accessed, based on the particular person conversant in the state of affairs.
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 this time to $266.4 at press time. Because of this buyers stay optimistic in regards to the firm’s long-term potential regardless of the information safety challenges.