🚨 Coinbase Suffers Major Data Breach
On May 15, 2025, Coinbase, the largest cryptocurrency exchange in the U.S., disclosed a significant data breach. Hackers bribed overseas customer support agents to access sensitive user data, including names, emails, and government-issued IDs. The attackers demanded a $20 million ransom in Bitcoin, threatening to leak the stolen information. Coinbase refused to pay and instead offered a $20 million reward for information leading to the hackers' arrest. The breach affected less than 1% of users, and no passwords or funds were compromised. The incident is expected to cost Coinbase up to $400 million in remediation and reimbursements.
