Coinbase Hit by Massive Hack: $400M at Risk, User Data Compromised

By: cointribuneen|2025/05/16 19:30:09

Coinbase, the leading American crypto exchange platform, has just suffered a major cyberattack involving the leak of sensitive data of about 1% of its users. This security breach occurs at a particularly delicate moment for the company, just days before its entry into the prestigious S&P 500 index. What will be the consequences for this giant boasting over 105 million users? A Cyberattack Targets Coinbase and Threatens User Trust On May 11, Coinbase received an anonymous email revealing a data leak and demanding a $20 million ransom in bitcoin . After investigation, the company discovered that cybercriminals had corrupted several foreign technical support agents, thereby creating a breach in their security system. These dishonest employees extracted sensitive information concerning about 1% of the 10.8 million active users. Among the compromised data are names, personal addresses, identity documents, partial bank details, and—more worryingly—the exact balances of the victims’ crypto accounts. “ Their goal was to compile a list of clients they could contact pretending to be Coinbase, thereby prompting people to hand over their cryptos to them ,” the platform explained in an official statement . A particularly formidable social engineering strategy amid a context where scams targeting crypto holders are multiplying. In response, Coinbase immediately fired all involved employees and alerted U.S. authorities. CEO Brian Armstrong publicly refused to yield to the blackmail. Major Financial and Security Consequences This cyberattack could cost Coinbase between $180 and $400 million, according to documents filed with the SEC. These expenses will cover repair costs and reimbursements to clients who lost funds. The announcement also had an immediate impact on the stock price, which fell more than 4% to below $253 during the first hours of trading. This situation is all the more worrying as it occurs just as Coinbase prepares to join the S&P 500 index , a milestone for this company founded in 2012. To reassure its users, Coinbase confirmed that two-factor authentication codes and private keys were not compromised, and that the company will reimburse all customers who lost funds due to this attack. The company also put in place additional measures, such as relocating some support operations to the United States and strengthening internal access controls. In sum, this attack highlights the persistent vulnerability of crypto exchange platforms against cyber threats. At a time when kidnappings and assaults targeting crypto holders are increasing, particularly in France, these data leaks represent a real danger to users who could be targeted by social engineering attacks or, worse, physical assaults.

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins