$BTC

Coinbase (COIN) expects to pay $180 million to $400 million to customers for a data breach on its platform, which saw attackers gains access to users personal information.

The breach occurred on May 11, according to the firm. Attackers were able to access customers personal details, such as name, address, phone number, masked social security number, masked bank account numbers and other crucial details.

They accessed those details by essentially bribing Coinbase's overseas employees/contractors and subsequently demanding customer details to be sent. The exchange fired staff involved in the breach on the spot and referred to U.S. and international law enforcement. It will also press criminal charges.