On May 5, 2025, it was reported, by NBC News and other outlets, that a hacker had exploited a vulnerability in TeleMessage, an archiving and messaging platform that allows organizations to capture and store mobile communications. As a result, TeleMessage has halted its operations.
According to reports, Coinbase was among the companies affected by this hack. As proof, the hacker provided a screenshot of TeleMessage’s contact list of employees at Coinbase, which, according to NBC News, uses TeleMessage.
NBC News reported that a Coinbase spokesperson said that, “there is no evidence any sensitive Coinbase customer information was accessed or any customer accounts are at risk, since Coinbase does not use this tool to share passwords, seed phrases, or other data needed to access accounts.” The Coinbase spokesperson did not expressly state to NBC News whether customer related information that Coinbase did not deem sensitive was accessed. Names, addresses, telephone numbers and other personal identifying information can be a valuable tool for criminals to commit identity theft and other fraud. The hacker told NBC News that, as of the date of the article, they had not yet fully sifted through the hacked files. See https://www.nbcnews.com/tech/security/telemessage-suspends-services-hackers-say-breached-app-rcna204925.
Our firm receives multiple daily inquiries from individuals who have experienced financial losses due to issues such as asset misappropriation, platform insolvencies, and deceptive marketing practices. In response, we are actively litigating cases against major cryptocurrency platforms, including Coinbase, FTX, and Binance, on behalf of affected investors.
Given the complexities of cryptocurrency transactions and the evolving legal landscape, individuals and institutions should consider consulting with cryptocurrency experts to assess their risk exposure and potential legal options. Investors are encouraged to conduct thorough due diligence before engaging with cryptocurrency exchanges or investment opportunities.
For those impacted by potential fraud or platform misconduct, legal remedies may be available, but timely action is critical.
For further information, consult a legal or financial professional with expertise in cryptocurrency regulations and litigation.
ABOUT HERMAN JONES LLP:
Herman Jones LLP (www.hermanjones.com) is a nationally recognized high stakes litigation law firm with offices in Atlanta, Newark and Seattle. Herman Jones LLP represents individual and institutional investors in shareholder derivative and securities class action lawsuits, in addition to antitrust, intellectual property, consumer class actions and venture fund transactional work. Herman Jones LLP regularly assists clients in recovering losses resulting from violations of federal securities laws. For more information about the firm and its attorneys, please visit https://www.hermanjones.com. Attorney advertising. Past results do not guarantee future outcomes.
John Herman
Herman Jones LLP
+1 404-504-6500
hjadmin@hermanjones.com
Visit us on social media:
X
LinkedIn