Coinbase was affected by a flood of lawsuits after it was recently revealed that the user’s data has been violated and users accuse the cryptographic exchange of an incorrect incident.

At least six trials were submitted against Coinbase between May 15 and May 16, which all claimed that the exchange did not retain strict security protocols to protect the data of the user and poorly handling data violation.

In one of the trials, submitted on May 16 at the Federal Court in Novel York, the plaintiff Paul Bender argued that Coinbase did not protect the confidential personal data of millions of users during data violation.

Coinbase informed on May 15 that four days earlier she had an attempt to extortion of $ 20 million after cyber criminals bribed several of their customer service agents in order to gain access to internal systems and theft of a restricted number of data from the user’s account.

The stolen data included names, addresses, telephone numbers, E -Mile, the last four digits of social insurance numbers, some bank account IDs, driving license, passports and some account data, such as balance shutter and transaction history.

Bender claimed that “Coinbase did not implement or maintain reasonable security security,” which exposed users to “serious and continuous risk.”

The lawsuit also stated that Coinbase’s response to the incident was “inappropriate, crushed and delayed.”

“Users were not immediately or fully informed about the compromise, and Coinbase did not take immediate steps to alleviate further damage, provide identity protection services or offer guidelines for people affected by affected people,” said the complaint.

The lawsuit claims that users can face “a” significant, immediate and constant threat to the theft of identity and financial fraud “and that the consequences of the violation can be long -term or” potentially sturdy “, because endangered information cannot be recovered or secured after disclosure.

Falry of court trials lodges similar allegations

Two other lawsuits filed at the Federal Court in New York submitted similar claims against Coinbase, and the fourth lawsuit added an allegation of unfair enrichment, arguing that Coinbase did not spend enough on data security measures.

All four complaints ask for damage and other means that will help protect the plaintiff’s confidential data.

Meanwhile, the fifth lawsuit filed in the California Federal Court on May 15 made similar claims against Coinbase, but asked the court for ordering Coinbase to purify all confidential data that he has about the reasons and employed external security auditors to test his security systems, among others.

The Coinbase spokesman did not comment on the lawsuits and instead indicated Cointelegraph on the blog post that he made available about data violations.

Coinbase said that he refused to pay a ransom of $ 20 million and marked plans to return the deceived users to send Crypto to phishing fraudsters due to data violation.

In the assembly of the American Commission of Securities and Exchange, the Stock Exchange stated that it was expected to reimburse $ 180 million to $ 400 million.

Related: A retired artist loses $ 2 million in Krypto with Coinbase Impersonator

The stock exchange reportedly released a group of customer service agents based in India after alleged involvement in social engineering attacks on users.

Coinbase shares (coins) fell by 7% and dropped to USD 244 after disclosure of data violation along with the ongoing SEC in relation to distorted user numbers in 2021.

Since then, reserves have issued a return, accelerating 9% and reaching $ 266 when the bell was closed on May 16, According to to Google Finance.

Warehouse: Arthur Hayes $ 1 million Bitcoin Tip, Altcoins “Potisły Rally” Krosna: Hodler’s Digest, May 11-17