As a result of the cyberattack in December 2024, the personal data of 69,420 Coinbase customers was compromised, according to a report to the Maine state prosecutor.

What fell into the hands of the attackers:

names and addresses;

phones and email;

fragments of social security numbers and bank details;

photos of identity documents.

How it happened:

The attackers bribed support contractors outside the United States.

Through their accounts, access was gained to the data.

Hackers demanded a ransom of $20 million, but Coinbase refused to pay and announced the same amount for information about the criminals.

Compensation for the affected:

Free access to credit activity monitoring service.

Insurance policy up to $1 million.

Darknet monitoring and recovery of lost information.

The incident affected less than 1% of active Coinbase users (NASDAQ: COIN), but highlights the vulnerability of even large platforms. Keep an eye on cybersecurity and cryptocurrency market news! Subscribe to #MiningUpdates to stay informed.

#coinbase #CryptoSecurity #databreach #cyberattack #Blockchain #CryptoNews