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🚨 Data breach at Coinbase platform: Incident details and how to protect yourself

On May 15, 2025, Coinbase announced it had suffered a significant security breach where hackers bribed external employees in the technical support department to access sensitive data of several users.

📌 Incident details

• Scope of the breach: Less than 1% of monthly active users were affected.

• Stolen data: Includes names, email addresses, phone numbers, ID card images, and parts of bank account information.

• Ransom demand: The hackers demanded $20 million to not publish the stolen data.

• Coinbase's response: The platform refused to pay the ransom and announced a reward of $20 million for any information leading to the arrest of those involved.

🛡️ How to protect yourself

• Be cautious of phishing attempts: If you receive a call or message claiming to be from Coinbase asking for sensitive information or money transfers, ignore it and contact official support.

• Do not share your personal information: Do not provide your personal or financial data to any untrustworthy entity.

• Use two-factor authentication (2FA): Enable two-factor authentication to enhance the security of your account.

• Regularly monitor your account: Check your account activities periodically to detect any unusual transactions.

Coinbase reaffirms its commitment to compensate affected users and strengthen security measures to prevent the recurrence of such incidents.