Partner at $56,300,000,000 Venture Capital Firm Has Phone Number, Address and Other Details Stolen in Coinbase Hack: Report

The thieves responsible for the recent security breach of US-based crypto exchange Coinbase have reportedly obtained the personal information of a managing partner at Sequoia Capital, the $56.3 billion venture capital giant.

In a report submitted to the U.S. Securities and Exchange Commission (SEC) on May 14th, the digital asset exchange says that hackers bribed its customer service representatives to gain access to client information and internal Coinbase records.

The compromised information includes names, addresses, phone numbers, emails, government ID images and more. 

Citing a person familiar with the matter, Bloomberg reports that Roelof Botha is among those affected by the hack. The leaked information includes his phone number, address and data linked with his Coinbase account. 

Botha, who is currently serving as managing partner at Sequoia Capital, is a venture capitalist who has made early bets on iconic companies, including YouTube and Instagram, since joining the California-based firm in 2003.

Botha and Sequoia Capital declined to give comments on the issue.

Coinbase says the perpetrators asked for $20 million in exchange for keeping the stolen information under wraps, but the company refused to give in to the hackers’ demand.

Meanwhile, Coinbase CEO Brian Armstrong vows to pay back affected customers, revamp cybersecurity protocols and relocate certain overseas customer support operations.

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The post Partner at $56,300,000,000 Venture Capital Firm Has Phone Number, Address and Other Details Stolen in Coinbase Hack: Report appeared first on The Daily Hodl.

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