Coinbase, the largest cryptocurrency exchange based in the U.S., said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the info. Coinbase CEO Brian Armstrong said in a social media post that criminals had bribed some of the company’s customer service agents who live outside the U.S. to hand over personal data on customers, like names, dates of birth and partial social security numbers.
Alibaba (BABA) shares are down by over 7% this morning after missing fiscal fourth quarter revenue estimates After a strong debut on the Nasdaq via an IPO on Wednesday, shares of eToro (ETOR) are experiencing a pull back in Thursday trading. Coinbase Global (COIN) reports that hackers bribed employees outside of the US to steal client data. Catch Yahoo Finance's full interview with Coinbase (COIN) CEO Brian Armstrong as the cryptocurrency exchange prepares to join the S&P 500 (^GSPC) starting May 19. Catalysts host Madison Mills and guest host, Innovator ETFs chief investment strategist Tim Urbanowicz, take a quick look at these stocks trending on the Yahoo Finance platform. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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Investing.com -- Alibaba Group Holdings’ (NYSE:BABA) latest quarterly results prompted a negative response from investors, as shares fell 7.5%, but analysts at UBS and Morgan Stanley reiterated their bullish outlooks, seeing long-term strength in the company’s core commerce and cloud businesses.
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