Coinbase, a leading cryptocurrency platform, announced it was hacked, resulting in the theft of customer data worth an estimated $400 million. Despite being a major incident symbolically due to Coinbase's recent entry into the S&P 500, the company maintains that its Prime service remains secure. The breach involved bribing employees to access sensitive customer information since January, with ransom demands of $20 million following the theft. Instead of paying, Coinbase is offering a reward for information about the attackers, showcasing the ongoing risks within the crypto industry, which has seen $2.2 billion lost to hacks in 2024 alone.
The incident at Coinbase illustrates the crypto industry's continued vulnerability to hacks and data breaches.
Coinbase has decided not to pay the ransom. Instead, Coinbase is offering a $20 million reward to anyone who can provide information.
Collection
[
|
...
]