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Millions Of Stolen Passwords For Sale To Hackers For Just $81

  • Coinbase, the largest U.S.-based cryptocurrency exchange, disclosed that criminals stole personal customer data by bribing some customer service agents abroad in 2025.
  • The breach occurred after agents accessed data without business need and handed over names, birthdates, and partial social security numbers to criminals demanding $20 million to withhold public release.
  • The stolen information enables social engineering attacks where criminals impersonate Coinbase support and attempt to trick customers into transferring funds.
  • CEO Brian Armstrong stated the company refuses to pay the ransom, offering instead a $20 million bounty for information leading to the attackers’ arrest and pledging to prosecute extortionists.
  • Coinbase estimates remediation and customer reimbursement costs between $180 million and $400 million, indicating significant financial impact from the incident.
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Coinbase customer data stolen in hack, company says crooks demand $20 million ransom

Coinbase didn't say how many customers had their data stolen, but warned clients they should be on alert for scams targeting them for additional details.

·Spokane, United States
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Forbes broke the news in United States on Friday, May 16, 2025.
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