Lisa Herman

Advisory: Coinbase Announces Theft of Customer Information

| May 15, 2025

On May 15, 2025, Coinbase announced that cybercriminals had successfully bribed Coinbase customer service agents who reside outside the United States to hand over personal data on Coinbase customers. According to Yahoo!Finance, the criminals have demanded $20 million in exchange for the return of the information. Coinbase has refused to pay the ransom. See https://finance.yahoo.com/news/coinbase-stock-drops-after-cyberattack-and-news-of-a-sec-investigation-165523301.html. …

Advisory: Coinbase Is Affected by the TeleMessage Hack

| May 9, 2025

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 …

Advisory: Fraud Risks in Cryptocurrency Markets and Platforms

| March 7, 2025

As fraud, market manipulation, and regulatory violations continue to impact cryptocurrency markets, investors and institutions should exercise caution when engaging with digital asset platforms. Herman Jones LLP has observed an increase in fraudulent schemes, including misleading investment opportunities, misrepresentations by exchanges, and inadequate consumer protections. Our firm receives multiple daily inquiries from individuals who have …