A recent data breach at the cryptocurrency exchange Coinbase has raised concerns about user security after hackers gained access to confidential information, including home addresses.

On May 15, Coinbase — the third-largest cryptocurrency exchange in the world — confirmed that less than 1% of its monthly users were affected by the attack, which may cost the exchange up to $400 million in reimbursements.

However, the “human cost” of this data breach could be much higher for users, according to Michael Arrington, founder of TechCrunch and Arrington Capital.

“Let me be clear: this breach, involving home addresses and account balances, will result in people getting killed. It likely already has,” Arrington said in a post on X (formerly Twitter) on May 20.

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Coinbase Data Breach Exposes Home Addresses — “This Hack Could Get People Killed,” Warns TechCrunch Founder