US surgeon sues Coinbase after hackers pay off debt, steal $350K
Coinbase has been sued by a surgeon in Indiana who claims hackers were able to steal almost $350,000 in cryptocurrencies thanks to inadequate safety measures implemented by the crypto exchange. More concerning, Coinbase allegedly accepted payments from the hackers to settle the surgeon’s outstanding loans. Doctor Ricardo Vasquez, a vascular surgeon operating in Bloomington, Indiana, filed the lawsuit in San Francisco Superior Court last week. Coinbase is being sued for breach of contract, breach of the covenent of good faith and fair dealing, negligence, bailment, and unfair competition. “Despite repeated promises of advanced security technologies and ‘bank-level’ controls, Coinbase allowed hackers to evade all security measures and empty the account of Ricardo Vasquez without raising any red flags or alerts,” the lawsuit claims. The surgeon alleged that password reset delays, device verification, and two-factor authentication weren’t enough to prevent the hackers , nor did Coi