#CryptoRegulation Wu said that Coinbase disclosed that criminals stole a small amount of customer data (involving less than 1% of monthly trading users) through bribing overseas customer service agents for social engineering attacks. The leaked data includes names, addresses, phone numbers, and some account information, but does not involve passwords, private keys, or access to funds. Coinbase refused to pay the $20 million ransom demand, set up a bounty of the same amount to hunt down the criminals, and will fully compensate users who were defrauded in the transfer. The platform has strengthened security measures, including establishing a customer service center in the United States, enhancing monitoring and identity verification for high-risk transactions, and collaborating with law enforcement agencies for accountability.