Public Keys: Can’t Hold Coinbase Back, Nasdaq Initiation for eToro and Galaxy Digital
Coinbase reported a $400 million cybersecurity breach, attributed to bribery of an overseas contractor, compromising sensitive user data for less than 1% of customers. Criminals attempted to extort $20 million from the company, which refused and has offered a bounty for information on the perpetrators. Coinbase is also under investigation by the U.S. Securities and Exchange Commission regarding user numbers, with the inquiry starting last year. The company has ceased using "verified users" in its marketing. Despite these challenges, Coinbase joined the S&P 500 and saw an 18% stock increase, trading at $266.78. Galaxy Digital and eToro have successfully listed on the Nasdaq, with Galaxy Digital's CEO criticizing the U.S. redomiciling process as unfair. eToro's IPO was oversubscribed, leading to a $5 billion market cap after debut.
