Coinbase Confirms Breach, Refuses to Pay Up

The post Coinbase Confirms Breach, Refuses to Pay Up appeared on BitcoinEthereumNews.com. Coinbase has revealed a security breach where attackers bribed overseas customer support agents to access user data through social engineering. The compromised information affected less than 1% of monthly users and included names, addresses, phone numbers, and limited account details. Importantly, no passwords, private keys, or user funds were accessed. The attackers demanded a $20 million ransom, which Coinbase firmly refused to pay. The exchange is now working to enhance internal security and prevent future insider threats. Source: https://coinpedia.org/crypto-live-news/coinbase-confirms-breach-refuses-to-pay-up/

May 16, 2025 - 00:00
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Coinbase Confirms Breach, Refuses to Pay Up

The post Coinbase Confirms Breach, Refuses to Pay Up appeared on BitcoinEthereumNews.com.

Coinbase has revealed a security breach where attackers bribed overseas customer support agents to access user data through social engineering. The compromised information affected less than 1% of monthly users and included names, addresses, phone numbers, and limited account details. Importantly, no passwords, private keys, or user funds were accessed. The attackers demanded a $20 million ransom, which Coinbase firmly refused to pay. The exchange is now working to enhance internal security and prevent future insider threats. Source: https://coinpedia.org/crypto-live-news/coinbase-confirms-breach-refuses-to-pay-up/

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