Coinbase disclosed a serious cyber attack where criminals bribed overseas support agents to access customer data for social engineering. This incident could cost the company around $400 million to resolve. An email claiming to provide customer account information was received by Coinbase on May 11, detailing sensitive data including names, addresses, and limited corporate documentation. In response, Coinbase is launching a $20 million reward fund to encourage tips leading to arrests, instead of yielding to ransom demands.
The company disclosed that although passwords and private keys were not compromised, the affected data included personal and account information of Coinbase customers.
Coinbase is establishing a $20 million reward fund for information leading to the arrest of the attackers instead of paying ransom.
Collection
[
|
...
]