Hacking at Investing.com

A massive hack of the largest American cryptocurrency platform occurred with the complicity of employees.

Investing.com - The cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) recently announced, on Thursday, May 15, 2025, that it expects to incur costs ranging from $180 to $400 million following a recent cyberattack.

The company confirmed that account data, including names, addresses, and email addresses, had been stolen from a small group of users, but that the attackers were unable to access login information or passwords.

Compensation for victims and confirmation of an internal breach

"We will reimburse customers who were tricked into sending funds to the attacker," said Coinbase.

The company explained that cybercriminals were able to carry out this attack after "bribing and recruiting a group of technical support agents involved," which facilitated the theft of user data.

In a post published on its official blog, Coinbase reiterated its commitment to compensate defrauded customers and announced a reward of up to $20 million for any information leading to the arrest of the attackers.

Confirmations after months of prior warnings

This official confirmation from Coinbase comes three months after blockchain investigator ZachXBT published allegations that Coinbase users lost $300 million due to social engineering scams.

The platform also stated that the attackers had obtained images of government ID cards, account balances, and business data, but confirmed that two-factor authentication (2FA) codes and private keys had not been compromised.

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