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US DOJ opens investigation into Coinbase's recent cyberattack
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US DOJ opens investigation into Coinbase's recent cyberattack
May 26, 2025 10:33 AM

May 19 (Reuters) - The U.S. Department of Justice has

opened a probe into a recent breach at the world's largest

cryptocurrency exchange Coinbase Global ( COIN ), the company

said on Monday.

"We have notified and are working with the DOJ and other US

and international law enforcement agencies and welcome law

enforcement's pursuit of criminal charges against these bad

actors," said Paul Grewal, Chief Legal Officer, Coinbase.

"Coinbase is not under DOJ investigation, DOJ is

investigating the criminal actors," a source told Reuters on

Monday.

The company last week said it received an email from an

unknown threat actor on May 11, claiming to have information

about certain customer accounts as well as internal documents.

It expects a hit of $180 million to $400 million from the

cyberattack.

Coinbase has said the attackers stole some data, including

names, addresses and emails, but they did not get access to

login credentials or passwords.

U.S. Justice Department did not immediately respond to a

Reuters request for comment.

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