Coinbase says user funds are safe after third-party vendor exposes customer contact info
The crypto exchange says an incident at analytics firm Amplitude exposed some customer contact information, but insists its own systems were not breached.
Nasdaq-listed cryptocurrency exchange Coinbase has denied reports of a hack, saying customer funds are safe.
The exchange clarified that the incident that led to the breach of customer data originated at Amplitude, a third-party analytics provider, and not the exchange itself. The exposed data includes only a “small subset” of contact information, alongside data related to other Amplitude clients, Coinbase Support’s X handle said .
It said the exchange is informing impacted customers by email as required by law, while stressing that its systems have not detected any unauthorized access.
The disclosure underscores supply-chain risks, meaning customers can face security risks via third parties even when a company’s core infrastructure remains secure. Coinbase did not specify how many customers were affected or exactly which contact-data fields were involved, leaving key details unresolved.
While customer funds remain safe, exposed email addresses and phone numbers can still serve as valuable raw material for phishing and social-engineering attacks, even if passwords, private keys, and funds were not compromised.
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- CoinDesk28 Oct, 04:11
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