Coinbase Falls After Hack, SEC Probe Into User Figures

Good morning. Coinbase faces a double whammy with an SEC probe and hackers stealing consumer data. UnitedHealth sees no end to its troubles. And Expedia has an AI tool that can help you plan an Instagram-ready trip. Listen to the day’s top stories.

Mayhem descends on Coinbase. Shares in the crypto firm slumped after it said hackers bribed workers to steal customer data and demanded a $20 million ransom, which it refused to pay. The interlopers had near-constant access since January, a person familiar said, although the company disputed the assertion. The breach may cost as much as $400 million to remedy. More trouble: The exchange also said it’s cooperating with a Securities and Exchange Commission probe into whether it misstated user numbers.