KYC verifications burden regular users with documents and selfies, yet offer little resistance to cybercriminals.

Coinbase reduces account freezes by 82%, but trust remains fragile as users continue to report unresolved access problems.

In early April, Coinbase customers started noticing that their Account Activity logs showed “2-step verification failed ... impossible to determine the identity of scammers and cybercriminals.

Coinbase's S&P 500 debut comes after the company disclosed a cyberattack and is facing an investigation by the U.S. Securities and Exchange Commission.

Coinbase's approach highlights the increasing trend of incorporating identity verification into DeFi protocols, as regulators and users push for higher security and transparency standards.

Those who missed the withdrawal deadline or failed to complete identity verification can still get funds. Individuals with an open and approved Coinbase account will have access to assets in kind.

Coinbase, the largest cryptocurrency exchange in the United States, is facing at least six lawsuits filed in federal courts between May 13 and May 16, 2025, with plaintiffs accusing the exchange ...