Amended Lawsuit Accuses TaskUs of Concealing Coinbase Data Breach

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In brief

  • The amended complaint claims TaskUs’s India operations were at the center of a coordinated bribery scheme to steal customer information.
  • Plaintiffs allege the company concealed the breach, firing investigators and failing to disclose details in securities filings before a $1.6 billion Blackstone buyout.
  • Coinbase reimbursed affected users, tightened controls, and ended its relationship with TaskUs, Decrypt was told.

Amendments to a class action in New York against TaskUs have added new claims of systemic security failures and concealment in a breach tied to Coinbase customer data.

The amended complaint, filed on Tuesday at the Southern District of New York, adds key elements to earlier disclosures about how Coinbase’s customer data was handled across the timeline of the massive breach, from its origins in late 2024 to Coinbase’s eventual disclosure in May, with losses estimated to reach as much as $400 million.

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