Coinbase Faces Backlash Over Account Lockouts and Undisclosed Data Breach

Crypto investigator ZachXBT has publicly criticized Coinbase for repeated account lockouts and an undisclosed data breach, raising concerns about transparency and user security.

ZachXBT Slams Coinbase for Account Lockouts and Undisclosed Breach

Crypto investigator ZachXBT has publicly criticized Coinbase, calling out the popular crypto exchange for repeated account lockouts and an undisclosed data breach. In a tweet, ZachXBT expressed his dissatisfaction stating that Coinbase had locked him out of his account twice in the past month without explanation. He also highlighted the company’s failure to transparently disclose a recent breach that exposed customer data, allegedly leading to thefts and financial losses for some users. Despite offering competitive annual percentage returns on stablecoins, ZachXBT concluded that he could not recommend the platform due to these unresolved issues.

SEC Roundtable: Uniswap and Coinbase Executives Among Participants Set to Discuss Crypto Regulations

The U.S. Securities and Exchange Commission (SEC) has unveiled the list of industry leaders who will participate in its upcoming roundtable on cryptocurrency trading regulation, set for April 11. The event, titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” marks the second session in a five-part series aimed at shaping the future of digital asset oversight. Executives from top crypto firms and financial institutions are slated to join the discussion, including Katherine Minarik, Chief Legal Officer at Uniswap Labs; Chelsea Pizzola, Associate General Counsel at Cumberland DRW; and Gregory Tusar, Vice President of Institutional Product at Coinbase. Notably, all three firms have previously been targeted by the SEC under the Biden Administration.