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Regulation

Theft of Coinbase Customer Data Probed by Justice Department

Takeaways by Bloomberg AI

The US Justice Department has opened a probe into a recent breach at the leading cryptocurrency exchange Coinbase Global Inc., according to a person familiar with the matter.

Investigators, including those in the department’s criminal division in Washington, are digging into the circumstances surrounding the breach, said the person, who asked not to be identified discussing the investigation. Coinbase has said the hack involved criminals bribing employees and contractors in India to obtain client data.