DataBreach

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.