Sequoia Capital exec also a victim in Coinbase data breach — Report

Not less than one accomplice at Sequoia Capital was reportedly impacted by the current data breach amongst Coinbase customers, suggesting that data from others on the enterprise capital agency could also have been compromised.

In response to a Might 16 Bloomberg report, Sequoia Capital Managing Accomplice Roelof Botha’s private data out there via his Coinbase account was stolen after a group of cybercriminals bribed the trade’s help brokers for entry to consumer data. Although Botha had not publicly disclosed his internet price, estimates advised he had lots of of hundreds of thousands of {dollars} in belongings.

Coinbase disclosed the data breach in a Might 15 weblog put up, saying that a few of its customers had been focused with social engineering assaults after the criminals had entry to their private account data. The corporate mentioned the group attempted to extort $20 million in trade for not disclosing the breach, which Coinbase rebuffed.