{"id":63780,"date":"2022-07-01T14:01:08","date_gmt":"2022-07-01T11:01:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63780"},"modified":"2025-09-06T10:49:41","modified_gmt":"2025-09-06T07:49:41","slug":"coinbase-denies-allegations-of-selling-customer-data","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-denies-allegations-of-selling-customer-data\/","title":{"rendered":"Coinbase denies allegations of selling customer data"},"content":{"rendered":"<p>The cryptocurrency exchange Coinbase has denied selling confidential user data to the U.S. government.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">1\/ We want to make this incredibly clear: Coinbase does not sell proprietary customer data. Our first concern has been and always will be providing the safest and most secure crypto experience to our users.<\/p>\n<p>\u2014 Coinbase \ud83d\udee1\ufe0f (@coinbase) <a href=\\\"https:\/\/twitter.com\/coinbase\/status\/1542605323382337537?ref_src=twsrc%5Etfw\\\">June 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/div>\n<\/figure>\n<p>\\n\\n<\/p>\n<p>Earlier reports suggested that Coinbase was sharing geolocation histories and customer transaction data with Immigration and Customs Enforcement (ICE) of the U.S. Department of Homeland Security. Users on Twitter said they \u201cdid not sign up for this.\u201d<\/p>\n<p>\\n\\n<\/p>\n<p>In August 2021 Coinbase sold a license to ICE for analytical software for $29,000. A month later the exchange signed a deal with the agency to transfer <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-department-of-homeland-security-signs-contract-with-coinbase\">software<\/a> worth $1.36 million.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the Tech Inquiry research group, U.S. authorities gained access to various features of the Coinbase Tracer data-tracking tool, previously known as Coinbase Analytics.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the platform\u2019s representatives, they provide authorities only information for investigations into financial crimes.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThe Coinbase Tracer tools are designed in accordance with government requirements and are used to investigate crimes related to financing terrorism and money laundering. The information transmitted comes only from publicly available sources, not from Coinbase user data,\u201d the company said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>The exchange emphasised that ensuring a safe and reliable experience for users remains its top priority.<\/p>\n<p>\\n\\n<\/p>\n<p>As a reminder, in 2020 Coinbase products drew the attention of the <span data-descr=\\\"Drug Enforcement Administration (DEA) within the U.S. Department of Justice\\\" class=\\\"old_tooltip\\\">DEA<\/span> and <span data-descr=\\\"Internal Revenue Service (IRS) within the U.S. Department of the Treasury\\\" class=\\\"old_tooltip\\\">IRS<\/span>. They planned to use the Coinbase Analytics software, previously known as Neutrino.<\/p>\n<p>\\n\\n<\/p>\n<p>The exchange acquired Neutrino in 2019 and faced criticism. The founders of the Italian startup were involved in the Hacking Team project, which sold spyware to dictatorial regimes.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Coinbase denied selling confidential user data to the U.S. government.<\/p>\n","protected":false},"author":1,"featured_media":63781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1256,26],"class_list":["post-63780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-privacy-and-personal-data","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63780"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63780\/revisions"}],"predecessor-version":[{"id":63782,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63780\/revisions\/63782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63781"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}