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Coinbase Refuses $20 Million Ransom After Hackers Breach Customer Data: Report
A cyberattack that exploited insider access has forced Coinbase into damage control mode, triggering a potential $400 million hit and intensifying scrutiny on workforce security in the crypto industry. The hackers behind the breach reportedly stole sensitive customer data, they also issued a $20 million ransom demand, which Coinbase refuses to pay, CNBC reported.The exchange disclosed that rogue overseas support agents accepted bribes to leak internal documents and data tied to a "small subset" of customer accounts. This information included names, addresses, emails, account balances, masked bank details, and partial Social Security numbers. Crucially, private keys and passwords were not accessed, and Coinbase said Prime accounts remained secure.
A cyberattack that exploited insider access has forced Coinbase into damage control mode, triggering a potential $400 million hit and intensifying scrutiny on workforce security in the crypto industry.
The hackers behind the breach reportedly stole sensitive customer data, they also issued a $20 million ransom demand, which Coinbase refuses to pay, CNBC reported.
The exchange disclosed that rogue overseas support agents accepted bribes to leak internal documents and data tied to a "small subset" of customer accounts.
This information included names, addresses, emails, account balances, masked bank details, and partial Social Security numbers. Crucially, private keys and passwords were not accessed, and Coinbase said Prime accounts remained secure.
