Coinbase Estimates Cyberattack Could Cost Crypto Exchange up to $400M

Coinbase Global's shares fell more than 7% on Thursday after the crypto exchange said a cyberattack that breached customer account data could cost the company up to $400 million.

The stolen account data – which affected a "small subset of customers" – included names, addresses, phone numbers, emails and government ID images. Passwords and private keys were not compromised, the company said in a regulatory filing on Thursday.

The online platform, which has more than $328 billion in assets, received an email on May 11 from an unknown threat actor claiming to have customer account information as well as internal documents. The cybercriminals demanded a $20 million ransom in exchange for not sharing the information publicly, the filing noted.

The crypto exchange has not paid the hackers and will reimburse customers that were tricked into sending them funds. Coinbase has estimated expenses related to remediation costs and customer reimbursements to range between $180 million and $400 million, according to the filing.

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Davis Wilson:

Should You Buy Ethereum Today? (+60% in 1 Month)

Ethereum is up 60% over the past month. Bitcoin? Just 22%. The mainstream media credits Ethereum’s breakout to the recent Pectra upgrade – a long-anticipated overhaul that improves user experience, lowers transaction costs, and paves the way for greater scalability.

But let’s zoom out. This latest rally probably has less to do with the Pectra upgrade and more to do with the simple fact that Ethereum has a track record of printing millionaires. That might sound cynical – but it’s realistic.

Whether it’s Bitcoin, Ethereum, Dogecoin, or Solana, crypto assets don’t always rise because they’re the fastest, most elegant, or most scalable technologies. They rise because they’ve made people money. Other investors see that and so they chase it.

Do I believe Ethereum will become the foundation of the global financial system? Maybe. But I’m not building my thesis on that. Because at the end of the day, Ethereum doesn’t need to change the world to be a winning investment.

It just needs to keep doing what it’s already done: capture attention, attract capital, and create wealth. That’s what’s driving this rally.

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James Altucher:

How to write and publish your book in 30 days: Part 1 - The Foundation of a Successful Writing Life

I’ve written 25 books—some huge hits, some total flops—and what I’ve learned is this: anyone can write a book, but not everyone gives themselves permission to start. This episode of The James Altucher Show is the foundation.

So you want to write a book. Where do you even start? In this kickoff to my new series on writing and publishing a book in just 30 days, I walk you through everything you need to know before you ever touch the keyboard.

This episode isn’t just for aspiring authors—it’s for anyone who’s ever wanted to turn an idea into something real, something lasting, and maybe even something that launches a new career. I’ll tell you exactly why writing a book is more important (and more achievable) than ever, and how your book can become a business card, a personal legacy, and a gateway to new opportunities—even if you’re not a “writer.”

I also introduce the one structure that every great story (fiction or nonfiction) follows: the arc of the hero. It’s the single most powerful tool for crafting stories that actually move people.

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