The new listings come as Coinbase battles a major security breach after hackers claimed to have stolen sensitive user data.
In addition, Coinbase stated that the tokens are not yet live. It wrote, “cbADA, cbDOGE, cbLTC, and cbXRP are coming soon. These assets are not yet live or available. We will announce their launch at a later date.”
The exchange also warned users of potential scams. “There could be fraudulent actors making false claims that cbADA, cbDOGE, cbLTC, and cbXRP are available to trade,” it warned.
Furthermore, Coinbase shared official Base contract addresses to help users verify any claims. Until the official launch, the tokens remain unavailable.
Coinbase also announced that it has disabled trading for Movement (MOVE). Users can still access and withdraw their MOVE tokens. However, trading is no longer active.
In other news, Coinbase noted that PAX Gold (PAXG) is now live on its platform. Users can access it via the web, iOS, and Android apps. PAXG is a tokenized version of physical gold, recently gaining traction in the market.
Also, Coinbase Wrapped Staked ETH (CBETH) is now available to New York residents. This gives users in the state access to staked Ethereum in a more flexible, tradable form.
Interestingly, Coinbase, Inc. recently announced that it is now officially licensed by the New York State Department of Financial Services. This license allows Coinbase to operate its virtual currency business in the state, which is a big win for both the platform and its users.
The new listings come as Coinbase battles a major security breach after hackers claimed to have stolen sensitive user data. The attackers are demanding $20 million in Bitcoin to stay quiet.
However, CEO Brian Armstrong says they won’t pay. Instead, the exchange plans to offer a $20M bounty, seeking help to catch the culprits.
Reports suggest the hackers bribed support staff to access names, emails, phone numbers, and even partial Social Security numbers. Coinbase has confirmed the breach and is notifying affected users.
The incident highlights growing concerns over centralized exchanges and the risks of storing large amounts of customer data in one place.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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There could be fraudulent actors making false claims that cbADA, cbDOGE, cbLTC, and cbXRP are available to trade. The only official Base contract addresses for these assets will be: cbADA: 0xcbADA732173e39521CDBE8bf59a6Dc85A9fc7b8c cbDOGE: Show more
We have disabled trading for Movement (MOVE). Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.
We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Movement (MOVE) on May 15, 2025, on or around 2 PM ET.
Coinbase Wrapped Staked ETH (CBETH) is now available to New York residents on coinbase.com & in the Coinbase iOS & Android apps.
Coinbase, Inc. is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.
Cyber criminals bribed and recruited rogue overseas support agents to pull personal data on <1% of Coinbase MTUs. No passwords, private keys, or funds were exposed. Prime accounts are untouched. We will reimburse impacted customers. More here: coinbase.com/blog/protectin…
