Coinbase ups the game, helping SEC tackle cybersecurity crises head-on

January 10, 2024
1 min read

Coinbase, the largest US crypto exchange, has offered to assist the SEC with cybersecurity following a hack of the regulator’s social media account. The irony of the situation is that Coinbase is currently involved in a legal dispute with the SEC, which sued the company for operating an unregistered securities exchange.

America’s largest crypto exchange, Coinbase, has offered to help the Securities and Exchange Commission (SEC) with cybersecurity after a hack of the regulator’s social media account. Attackers compromised the SEC’s official X account and posted fake news regarding spot Bitcoin ETF approvals. In response, Coinbase’s chief security officer reached out with an offer of assistance, despite the fact that Coinbase is currently in a legal battle with the SEC. The SEC has faced criticism for failing to protect its own social media account and this incident raises questions about its ability to regulate finance.

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