Sequoia Partner’s Data Compromised in Coinbase Breach

Sequoia Partner’s Data Compromised in Coinbase Breach

  • UAE
  • May 18, 2025

The managing partner of Sequoia Capital, Roelof Botha, has been identified among the victims of a significant data violation in Coinbase Global Inc., the greatest exchange of cryptocurrencies in the United States. The violation, which affected approximately 97,000 users, implied the theft of personal information, including names, contact data, identification images of the government and accounts history.

Coinbase revealed that cybercriminals bribed customer service agents abroad to obtain unauthorized access to user confidential data. Subsequently, the attackers demanded a rescue of $ 20 million to avoid the public release of stolen information. Coinbase has refused to pay the rescue and is cooperating with the agencies of application of the law to investigate the incident. The company has also finished support agents involved and announced plans to establish a new headquarters based in the United States to improve security measures.

The violation has raised Conerns on the safety of personal data within the cryptocurrency industry, partly as Coinbase prepares for its inclusion in the S&P 500 index. The company’s actions experienced a decrease or approximately 7% after the dissemination of violation. Coinbase estimates that the incident could lead to costs ranging from $ 180 million to $ 400 million, the remediation of the collection and the potential refunds of the customers.

Roelof Botha, an outstanding figure in the risk capital community, has a partner of Capital Sequoia since 2003 and has served in the joints of several important technology companies. Its inclusion between rape victims underlines the potential scope and impact of cyber attack.

The CEO of Coinbase, Brian Armstrong, has announced a $ 20 million reward for information that leads to the sentence and the conviction of the perpetrators. The company is also working to reinforce its fraud prevention measures and has pledged to reimburse users who were deceived to send funds to the attackers.


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