Coinbase Stock Rebounds 7% Amid Cyberattack and SEC Probe

The world’s largest publicly listed crypto exchange, Coinbase, has been rocked by a damaging cyberattack and continued investigation from its SEC lawsuit just days before its S&P 500 debut. The back-to-back setbacks led to a drop in the Coinbase stock price on May 15, but the stock has rebounded in May 16’s trading session.  Coinbase Stock Rebounds 7% The one-two punch of the Coinbase cyber attack and the SEC investigation sent COIN shares tumbling, even as the exchange is poised to join the S&P 500 index next week. This milestone was expected to bolster credibility, but recent events overshadowed the narrative, which led to the crash.  However, the stock has bounced back on Friday and is now up 7% since the start of today’s trading session. The stock, currently trading at around $262, is up over 50% in the last month and almost 6% year-to-date (YTD). Coinbase Cyber Attack Hits… Read More at Coingape.com

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