Wall Street Analysts Downplay Coinbase Cyberattack and SEC Probe

Coinbase's recent challenges include a cyberattack and an SEC investigation regarding misleading investor metrics. Despite a stock drop following the news, shares quickly rebounded. Analysts view the attack as an isolated incident and the SEC inquiry as unlikely to affect Coinbase's stock prospects. The breach impacted less than 1% of users, and no funds were stolen. Analysts see the selloff as a buying opportunity, emphasizing Coinbase's resilience in the crypto market.