Coinbase Offers $20 Million Bounty After Insider-Driven Data Breach

Coinbase flips $20M extortion demand into bounty for info on attackers

Coinbase responded to a security incident with combative measures Thursday after the company said cybercriminals bribed some of the cryptocurrency exchange’s international support staff to steal data on customers. The unnamed threat group stole personally identifiable information and other sensitive data on less than 1% of Coinbase’s monthly users, the company said in a blog post. The cybercriminals contacted customers under the guise of an empl…

At the leading US crypto exchange Coinbase, numerous customer data has been stolen. The blackmailers demand 20 million dollars. Head of the company Armstrong turns the tables and spends the same amount on their capture.

Coinbase employees bribed leading to cyberattack

The popular crypto exchange said ‘less than 1pc’ of monthly users were affected. Read more: Coinbase employees bribed leading to cyberattack

Inside job at Coinbase leads to massive data breach, $20 million ransom demanded

Coinbase, the largest cryptocurrency exchange in the United States, is facing significant fallout after disclosing a major cyberattack that compromised sensitive data from some of its customers....

Coinbase Said Cyber Crooks Stole Customer Information and Demanded $20 Million Ransom Payment

Coinbase, the largest cryptocurrency exchange based in the U.S., said Thursday that criminals had improperly obtained personal data on the exchange's customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the info.

Crypto exchange Coinbase warns of US$400 million hit from cyberattack

Hackers have paid multiple contractors and employees working in support roles outside the US to collect information, the company says.