Coinbase has established a $20 million bounty to address a significant data breach involving unauthorized access to customer information through bribed overseas personnel.
While personal data like names and emails were compromised, passwords and funds remained secure. The company is taking steps to rebuild trust and mitigate the incident's impact.
Coinbase's response includes enhanced security measures and potential regulatory scrutiny, with a focus on repatriating support functions to the U.S. to further protect its platform.
Full story here: https://coincu.com/337804-coinbase-data-breach-bounty-fund