TaskUs Sued for Allegedly Concealing Major Coinbase Data Breach
- TaskUs accused of hiding data breach affecting Coinbase customers.
- Breach involved theft of sensitive customer data.
- Estimated $65 million stolen from user accounts.
TaskUs faces an amended lawsuit for allegedly hiding a data breach impacting tens of thousands of Coinbase users, with allegations focusing on employee Ashita Mishra’s role in the incident.
The breach, causing up to $400 million in losses, highlights serious concerns over third-party data security in the cryptocurrency industry, affecting investor confidence and customer trust.
TaskUs is facing an amended lawsuit for allegedly concealing a data breach impacting Coinbase users, involving the theft of sensitive data by a TaskUs employee in India.
The breach underscores significant risks in outsourcing customer support services and has sparked wider discussions on data security and corporate responsibility.
$65 Million Stolen: TaskUs Accused in Data Breach
The lawsuit accuses TaskUs of concealing a breach where customer data was stolen from Coinbase users. Insider Ashita Mishra is identified as a primary suspect in the alleged operation.
The breach reportedly led to $65 million stolen from users between December 2024 and January 2025. TaskUs terminated 226 staff in response, amid allegations of a widespread data theft scheme.
Coinbase Initiates Compensation Amid Financial Losses
The breach resulted in significant financial loss and potential damage to Coinbase’s reputation. Coinbase has notified affected users and promised compensation, including credit monitoring services.
Legal actions highlight concerns over outsourcing practices and data privacy. Coinbase’s rapid response included cutting ties with involved TaskUs personnel and bolstering security measures.
Coinbase Spokesperson, Coinbase, “We notified affected users and regulators, cut ties with the TaskUs personnel involved and other overseas agents, and tightened controls.” – source
Outsourcing Risks Under Scrutiny After Insider Breach
Insider-driven breaches akin to TaskUs/Coinbase’s case are rare, with similar incidents involving credential compromises but rarely outsourcing partner schemes. Stories like the 2022 Crypto.com breach come to mind.
Potential outcomes include increased scrutiny on outsourcing practices. Historical trends suggest affected companies undertaking broader reforms in customer data protection and corporate governance policies.
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