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Stock impact report

8 Shocking Claims from Coinbase Data Breach Lawsuit [Yahoo! Finance]

TaskUs, Inc. - Class A (TASK) 
Company Research Source: Yahoo! Finance
action lawsuit — with a court filing making explosive claims about how the incident unfolded. At least 70,000 people were affected when sensitive data entrusted to the exchange fell into the hands of criminals, in what has been described as “one of the largest and most damaging security breaches involving cryptocurrency to date.” Lawyers claim TaskUs, the outsourcing firm contracted by Coinbase, failed to safeguard the names, addresses, phone numbers, email addresses, bank account details and government IDs of millions — with “catastrophic” consequences. “Coinbase estimates that its customers have lost up to $400 million to criminals working with — and in some cases, indeed, for — TaskUs. Plaintiffs have, collectively, lost millions of dollars in cryptocurrency assets. Some have lost substantially all of their retirement savings as a result of defendants' negligence and wrongful conduct.” The filing goes on to highlight the devastating impact that the breach continues to have Show less Read more
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