🔥 Coinbase Exchange Hacked !
👀 Coinbase, the largest cryptocurrency exchange in the United States, was recently targeted in a significant cyberattack. On May 15, 2025, the company disclosed that cybercriminals had bribed overseas customer support agents to gain unauthorized access to sensitive customer data. The stolen information includes names, birthdates, partial Social Security numbers, and bank account details, though passwords and private keys were not compromised.
The attackers are demanding a $20 million ransom in Bitcoin, threatening to leak the stolen data if their demands are not met. Coinbase has refused to pay the ransom and instead has offered a $20 million reward for information leading to the arrest of the perpetrators.
The breach affected less than 1% of Coinbase's user base. While no customer funds were directly stolen during the attack, some users were targeted with phishing scams using the compromised data. Coinbase has pledged to fully reimburse affected customers and is working with law enforcement agencies to investigate the incident.
The company estimates that the total cost of the breach, including customer reimbursements and security enhancements, could reach up to $400 million.
This incident has raised concerns about the security of cryptocurrency exchanges and the risks associated with insider threats. Coinbase is taking steps to strengthen its security protocols and prevent similar incidents in the future.
