• Written by: Adrian Barkley
  • Sun, 18 May 2025
  •   Singapore

Coinbase faces a critical security breach just days before its S&P 500 listing.

Best Crypto to Buy Now? Coinbase Reveals $400M Cost of Data Hack

Coinbase faces a critical security breach just days before its S&P 500 listing. Hackers reportedly bribed insiders to bypass protocols, accessed sensitive customer data, and exposed vulnerabilities ahead of its market debut. While Coinbase has pledged full reimbursement and is collaborating with the FBI, trust has erodedits stock COIN fell over 4% following the incident.

The incident highlights broader risks for crypto: as adoption grows, bad actors are increasingly targeting internal vulnerabilities. Amid the uncertainty, investors are prioritizing projects emphasizing decentralization, community-driven security, and transparent innovation. 

For those evaluating where to navigate this environment, the best crypto to buy now may be those addressing systemic security challenges while advancing blockchains core principles.

Cryptos Trust Crisis: Coinbase Hit by $400M Hack with Insider Help

Coinbase just got sucker-punched by hackersand its messy. The crypto giant dropped a bombshell blog post today: attackers allegedly bribed employees and contractors to swipe customer data, potentially costing the firm a jaw-dropping $400 million. How? By impersonating Coinbase support and tricking users into coughing up their crypto.

Less than 1% of customer data was stolen, and the criminals demanded $20 million to keep quiet. Coinbase told them to pound sand. Instead of paying up, Coinbase vowed to refund every victim, even as its stock nosedived 4.1% ahead of its S&P 500 debut. 

Talk about bad timing. This isnt just a Coinbase problemits cryptos dumpster fire, said Nick Jones, founder of Zumo. Hes right: Chainalysis reports crypto firms lost $2.2 billion to hackers last year alone.

To fight back, Coinbase fired the rogue staff, slapped a $20 million bounty on the hackers heads, and teamed up with the FBI. Were coming for these clowns, a company rep growled. 

But heres the scary part: this isnt some lone wolf attack. As crypto goes mainstream, hackers are weaponizing insider access like never before. Remember the $600M Poly Network heist? Or the Axie Infinity disaster?

Coinbase is now urging users to double-check every email and enable two-factor authenticationbecause even the safest platforms arent bulletproof. Well fix this, they promised, but trust is crumbling faster than a stale cookie. 

Bottom line? Cryptos gold rush is a hackers playground, and until companies lock down their teams, were all just sitting ducks.

Best Crypto To Buy Now

As Coinbase scrambles to clean up a $400 million mess, its clear that trust in crypto is changing. This breach wasnt about weak passwords; it was insiders flipping for cash. With the safest crypto firm burned, the industry must brace for more. 

But amidst the chaos, certain tokens are rising, built with solid security and utility-first ecosystems. These projects arent just hypetheyre hope. The best crypto to buy now as Coinbases fall reshapes trust in the market.

Bitcoin

As Coinbase stumbles, Bitcoin stands tallbattle-hardened, borderless, and immune to insider bribes. In a world where platforms get hacked, BTC reminds us: be your own bank, or risk losing everything. 

The price of Bitcoin soaring above $100K once again, leading many to speculate that Satoshi Nakamoto, the creator of Bitcoin, may have surpassed Microsoft co-founder Bill Gates in wealth.

According to blockchain analytics firm Arkham, Satoshis crypto wallet is estimated to hold around $113.8 billion in Bitcoin, as reported by Benzingawhile Bill Gates' net worth is estimated at $112.9 billion by Forbes.

Undoubtedly, Bitcoin is poised to reach even greater heights, with experts like Arthur Hayes and JP Morgan predicting that its saturation point is still a long way off.

In technical terms, it is currently trading at around $104K with a market cap of $2.06 trillion, securing its position in 1st place. It has shown a 0.52% growth in the past 24 hours, suggesting that the saturation point is still far off, creating an opportunity for potential buyers to capitalize on upcoming opportunities.

Bitcoin's influence extends beyond finance, often referred to as "digital gold." It also holds political weightrecently, Eric Trump remarked, "Everyone in the world is trying to hoard Bitcoin right now.

Mind of Pepe

Coinbase got tricked, highlighting the need for simpler and more secure alternatives. With its unique and innovative roots, its fair to say that Mind of Pepe mocks the mess. This meme-fueled thinker thrives on irony, weaving chaos into creativity. In a world of hacks and heists, Pepes mind games focus on delivering sharp market insightsmany of which are likely to emphasize the importance of security.

Mind of Pepe combines the comedic themes of memes with the advantages of an AI-driven ecosystem.

Developed by Elvora Labs, Mind of Pepe features an AI agent that learns from the crypto ecosystem and provides sharp insights in the form of posts on X, while also engaging with the broader cryptocurrency community.

Among the many tools developed by the Mind of Pepe team, the focus is on crypto insights, trading alpha calls, and the ability to create and deploy tokens. These factors have helped it raise close to $10 million to date, with its presale set to end by the end of May.

Solana

Coinbase crumbles from withinbut Solanas chain races ahead, unbothered. With lightning-fast speeds and a builder army, its not just scalingits surviving the trust collapse. While others patch holes, SOL rewrites the infrastructure. Its not just hypeits horsepower.

In a study by CoinMarketCap, it was revealed that the top seven performing ecosystem tokens are meme coins or meme coin-related projects. This underscores the growing importance of Solana in crypto space.

As one of the leading blockchains, Solanas major demand stems from meme coin trading, thanks to its seamless user experience.

According to Messaris State of Solana Q1 2025 report, Pump.fun, a platform on the Solana blockchain that enables users to quickly create and trade meme coins, emerged as the top revenue generator for Solana apps in Q1 2025.

SendAI integrations now tending to look like the @solana Ecosystem Map :)Were turning Solana into the SDK chain.Its now time for a GOD Mode! pic.twitter.com/5YLYqVJDYH

Yash (@yashhsm) May 17, 2025

Often referred to as the "Ethereum killer," Solananamed after a small coastal city in Southern Californiawas launched in March 2020 by Anatoly Yakovenko.

BTC BULL

While insiders sell out and exchanges implode, BTC Bull charges forward. Built to thrive in chaos, this bull doesnt flinch when giants fallit feeds on the panic. High-energy, low-trust markets are its arena.

No gloves, no breaksBTC Bull is charging full throttle toward its new target of raising $6M in its presale.

With a powerful tokenomics structure built on a dual system of token burns and airdrops, BTC BULL is making waves in crypto space.

The platform rewards users with real Bitcoin when key milestones are reached, such as $150K, $200K, and $250K in Bitcoins value. One of the famous crypto YouTubers, ClayBro, has predicted that there could be a massive rise in the price of Bitcoin.

Additionally, with high staking rewards, BTC BULL offers users a chance to earn passivelywhether one is a beginner or an experienced traderwhile benefiting from the strength and longevity of Bitcoin, the oldest and most established cryptocurrency.

Conclusion

Coinbase may recover and address the breach, but the impact extends beyond stolen data or temporary stock declinesit challenges trust, which rebuilds slowly. In an industry where future breaches remain a risk, resilience depends on vigilance. 

The best crypto to buy now includes projects designed with decentralized frameworks and community-driven security, reducing reliance on centralized weak points.

While established platforms address vulnerabilities, strategic investors are shifting focus to protocols that emphasize transparency, robust infrastructure, and long-term viability. Thats why half of the investor picks listed in this article are innovative crypto ICOs.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.