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Sequoia Capital exec additionally a sufferer in Coinbase knowledge breach — Report

A minimum of one associate at Sequoia Capital was reportedly impacted by the latest knowledge breach amongst Coinbase customers, suggesting that knowledge from others on the enterprise capital agency might also have been compromised.

In response to a Could 16 Bloomberg report, Sequoia Capital Managing Associate Roelof Botha’s private info obtainable by means of his Coinbase account was stolen after a bunch of cybercriminals bribed the trade’s help brokers for entry to person knowledge. Although Botha had not publicly disclosed his web value, estimates urged he had a whole bunch of hundreds of thousands of {dollars} in property.

Coinbase disclosed the information breach in a Could 15 weblog submit, saying that a few of its customers had been focused with social engineering assaults after the criminals had entry to their private account info. The corporate mentioned the group tried to extort $20 million in trade for not disclosing the breach, which Coinbase rebuffed.

Although the extent of the breach was nonetheless unknown, one other Bloomberg report urged that the identical sort of assaults focused customers at Kraken and Binance. Cointelegraph reached out to representatives from each exchanges however had not obtained any response on the time of publication.

It is a creating story, and additional info might be added because it turns into obtainable.