Ransom
Ex-Coinbase Contractor Arrested in India Over $20M Ransom Hack
Coinbase CEO Brian Armstrong confirmed an ex-contractor was arrested in India over the May breach that led to a $20 million ransom demand. Attackers allegedly bribed customer support staff to access confidential user data.
Published at 2025-12-26 23:00:13
Coinbase Faces Data Breach: $20 Million Ransom Demand from Hackers
Coinbase, the largest U.S.-based cryptocurrency exchange, is in the spotlight after hackers stole customer personal data and demanded a $20 million ransom. CEO Brian Armstrong confirmed that some external agents were bribed to release customer information. Coinbase has chosen not to pay and is offering a bounty for information leading to the hackers' arrest. Following the breach, the exchange has committed to enhancing fraud prevention measures, yet shares have already taken a hit.
Published at 2025-05-19 06:08:19