Coinbase Platform Hacked and $20 Million Ransom Demanded
Based on the latest news, the Coinbase platform has indeed suffered a major security breach. Here’s what we know so far:
Details of the recent breach (May 2025):
* Type of attack: Cybercriminals were able to access sensitive personal data of some Coinbase users. It appears they did this by bribing some contractors and customer service employees working for Coinbase who are based outside the United States.
* Stolen data: The breached data includes customer names, addresses, phone numbers, and email addresses. Additionally, the attackers managed to access parts of masked bank account numbers, government ID images (such as driver’s licenses and passports), and the last four digits of Social Security numbers. They were also able to access some user account data such as balance snapshots and transaction history.
* Ransom demand: The attackers demanded a ransom of $20 million in Bitcoin in exchange for not publicly releasing the stolen data.
