#Crypto #Bitcoin #Security #CoinbaseHack #BlockchainNews #BTC #CyberAttack #CryptoNews #HackAlert #Ransomware
Coinbase Hacked: Up to $400M in Losses, Hackers Demand $20M in Bitcoin Ransom
On May 15, 2025, Coinbase reported a major security breach affecting several user accounts. Hackers claim to have stolen sensitive data and are demanding $20 million in Bitcoin as ransom. Estimated damages range from $180M to $400M, and Coinbase’s stock dropped nearly 3% following the news (Reuters).
According to Altcoin Buzz, the attackers threaten to leak stolen information unless paid in BTC (Altcoin Buzz). The incident highlights ongoing cybersecurity challenges even for top-tier crypto platforms.
Opinion:
This breach underscores the urgent need for improved crypto security. Investors should prioritize two-factor authentication and choose platforms with robust defense systems.
