Coinbase faces up to $400m hit from cyber attack

Coinbase is a popular frequency exchange based out in US but operating worldwide. This is the first ever exchange in the market that has got listed in the stock market and they have fantastic platform for trading various cryptocurrency is on their portal.

Because it's a big cryptocurrency exchange in the market so it has also got a bigger user base not just in United States but also in other countries and because of this saving the user fund is crucial for the exchange.

One of the world's biggest cryptocurrency firms, Coinbase, says a recent cyber attack will cost it up to $400m (£301m). The firm said it was contacted by hackers who claimed to have gained access to customer information, obtained by making payments to Coinbase contractors and employees.

There is a news that exchange have been contacted by the hackers and they are saying the exchange code hate a cyber attack over 400 million but till now this is not a confirmed news how we can say it is a rumour only. Exchange has clarified that there is no heat on their platform and they are safe however hackers are claim in the at they have got the access to their database which could cost them 400 million US dollars which is certainly a big amount.

Keeping the data safe and user funds as well the primary requirement and critical part of any exchange business in the segment so I hope that find base as an exchange should be able to protect it and they know how to deal with Sub situation so let's see how things go and move forward.

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