A threat actor claimed that they have an access to Coinbase with ability to check the balance of any account. The advertisement shared in Telegram group.

Coinbase is a leading cryptocurrency exchange platform founded in 2012, headquartered in the United States. It allows users to buy, sell, and store various cryptocurrencies like Bitcoin, Ethereum, and many others. As a publicly traded company listed on the Nasdaq stock exchange under the ticker symbol COIN, it has become a popular choice for both individual and institutional investors.

Coinbase prioritizes user experience, offering a user-friendly interface and educational resources for beginners. It also provides advanced trading features for experienced traders. The platform’s focus on security and regulatory compliance has made it a trusted name in the cryptocurrency industry.

In addition to its exchange services, Coinbase offers other products like Coinbase Wallet for securely storing cryptocurrencies and Coinbase Pro for advanced trading features. Coinbase has played a significant role in the mainstream adoption of cryptocurrencies, making it easier for people to access and invest in the digital asset market.