Coinbase ends TaskUs partnership amid data breach scandal

Coinbase has ended its collaboration with TaskUs following a data breach that cost the exchange around 400 million USD. The breach involved sensitive data being exposed, impacting 69,000 customers and prompting heightened security measures.

In response to the breach, 200 employees from TaskUs were let go. Market reactions have been varied as Coinbase now faces lawsuits from affected customers, while security concerns emphasize the risks of outsourcing customer service.

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