Coinbase has listed its Movement (Moving) Token following a recent asset review.
Cbeth is now available to New York users.
Data breaches involving bribed support agents can cost Coinbase up to $400 million.
Coinbase is cleaning the house again. A few days before joining the prestigious S&P 500, Crypto Exchange made a bold move. But that’s not all. From packaging tokens in New York to $400 million data breaches blowbacks, Coinbase has been pretty busy this week.
Let’s break it all.
Get moving boots
In a post on X, Coinbase confirmed that as of 2pm ET on May 15th, it had voided official deals for the exercise. The reason for this is a “recent review” of the listing standards, so honestly, “this asset no longer meets the standards.”
You are invalidating transactions for transfers (move). Your funds remain accessible to you and you will remain capable of withdrawing your funds at any time. https://t.co/k0yolhn25k
– Coinbase Asset 🛡️ (@CoinBasEASSETS) May 15, 2025
If you are traveling with Coinbase, don’t panic. Funds are still safe. The withdrawals remain open, but the transaction is off the table. There is no access to new orders, cancellations, or order forms. If you are an aggressive trader who relies on liquidity to implement real-time strategies, that’s a problem.
For those looking to change trade middle ground or funds, it is an annoying confusion. Coinbase does not mention deposit restrictions, but such registration committees are often hiccups, especially in response to fast fund access.
A wrap token is coming to New York
While one token ends, another token will be in it. CBETH – Coinbase-wrapped Staked Ethereum – is now officially available to New York users. It is part of a broader wrap token push, including Cardano, Dogecoin, Litecoin, and XRP (CBADA, CBDOGE, CBLTC, and CBXRP). According to Coinbase, they don’t have a release date yet, but they’re “coming soon.”
It’s a great pivot towards more compliance-friendly innovation. Scaling in a tightly regulated market like New York means that Coinbase is still playing a long game.
Within a $400 million data breach
Are you ready for another bomb? Coinbase has notified that Rogue’s overseas support agent has acquired bribed for leaks of sensitive user data, including names, masked bank information and ID documents. Although no funds or passwords were touched, the violation opened the door to a targeted social engineering attack.
Cleaning up the mess will cost Coinbase up to $400 million. it hurts.
Why is it important?
Between registrations, security concerns, and new token rollouts, Coinbase is juggling risk controls with extensions. It is a clear reminder for traders that the stability of the platform can change overnight. And so is strategy.
If the move is part of the portfolio, it’s time to reassess. If you are trading on Coinbase, you need to keep alerts!