Coinbase reported that the data of around 69,461 customers was compromised by overseas support staff bribed by criminals. The breach, which occurred on December 26, 2024, was not identified until May 2023. In an SEC filing, Coinbase indicated that the extortionists sought $20 million, though no sensitive access information like passwords was stolen. The company has terminated the involved employees and estimated remediation costs between $180 to $400 million. Customer notifications regarding the breach have begun as the company addresses the fallout.
Coinbase confirmed that nearly 70,000 customers had their data stolen by overseas support staff who were bribed, with the breach dating back to late 2024.
The breach involved sensitive customer information, including names, addresses, and financial details, but was limited to data that could not directly access accounts.
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