Benchmark: Cyberattacks and SEC investigations will not have a substantial impact on Coinbase

Odaily Planet Daily News - Benchmark Senior Equity Research Analyst Palmer stated in a research report that Coinbase disclosed a major cybersecurity vulnerability on Thursday and confirmed that the US Securities and Exchange Commission is investigating its past user metrics. This is in stark contrast to the news earlier this week that the company will join the S&P 500 index. Pal's default view is that this cyber attack is more of a one-time event, and the investigation by the US Securities and Exchange Commission is "just noise and unlikely to have any substantial impact on any driving factors of the company's stock bullish argument