- Coinbase, the world's largest cryptocurrency exchange, is having a rough week. In the run-up to Coinbase joining the S&P 500 on May 19, the company announced it was hit by a data breach and refused to pay a $20 million ransom demand from the cybercriminals who stole user data. The company is also facing a fresh SEC investigation that's looking into whether the company misstated its user numbers in past disclosures.
Coinbase will officially join the S&P 500 on Monday, and its stock is roughly back to where it was at the start of the year after taking a tariff-induced hit over the last few months. But not all is good in Coinbase land.
