Coinbase Stock Falls Amid User Concern Over Internal AI Pivot
BeInCrypto
Coinbase stock dropped as users expressed concern over non-technical employees shipping production code, recalling a past data breach.Summary
Coinbase shares declined following user backlash over an internal disclosure that non-technical employees are now shipping production code. This news triggered memories of the company's May 2025 data breach, where customer data was exposed due to compromised support contractors. Users voiced concerns on social media, threatening to move funds and citing past harassment from phishing campaigns stemming from the breach. Coinbase CEO Brian Armstrong defended the practice, stating that all AI-generated code undergoes rigorous human review and that the move aims to increase shipping speed and innovation while maintaining security. Despite his reassurances, the market reacted negatively, with Coinbase stock falling nearly 5%.
(Source：BeInCrypto)