BlockBeats news, on May 16, according to foxbusiness, cryptocurrency exchange platform Coinbase Global stated that a cyber attack led to the leakage of customer account data, which could result in losses of up to $400 million for the company. Subsequently, the company's stock price fell more than 7% on Thursday.
The stolen account data affected 'a small number of customers', including names, addresses, phone numbers, email addresses, and government ID photos. The company stated in regulatory filings submitted on Thursday that passwords and private keys were not compromised.
Currently, Coinbase manages over $328 billion in assets. On May 11, it received an email from an unknown threat actor claiming to possess customer account information and internal documents. The documents show that these cybercriminals demanded a ransom of $20 million in exchange for not making this information public. The hackers paid several contractors and support staff located outside the U.S. to obtain this information. According to Coinbase, they have fired the involved personnel and handed them over to law enforcement.