Sequoia Capital Managing Companion Roelof Botha was among the many high-profile victims whose private data was compromised within the latest Coinbase hack.
Based on an individual accustomed to 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 together with his Coinbase profile, mentioned the supply, who requested anonymity as a result of confidential nature of the scenario.
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 reviews, the compromised data included names, delivery 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, in response to the particular person accustomed to the scenario.
The incident has highlighted rising issues in regards to the safety of cryptocurrency executives because the trade beneficial properties mainstream visibility and adoption.
Regardless of the Coinbase hack, COIN is up 9% immediately to $266.4 at press time. Which means buyers stay optimistic in regards to the firm’s long-term potential regardless of the info safety challenges.
