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The cryptocurrency landscape has been rocked by a series of shocking developments in May 2025, ranging from high-profile cyberattacks to violent crimes targeting industry leaders. Here's a comprehensive overview of the most significant events shaking the crypto world this month:
💥 Major Cyberattack Hits Coinbase
Coinbase, the largest U.S. cryptocurrency exchange, disclosed a severe data $BTC
$breach where cybercriminals bribed overseas support staff to steal sensitive customer information. The attackers demanded a $20 million ransom, which Coinbase refused to pay. The breach potentially affected up to 97,000 users, exposing personal details such as names, contact information, and masked Social Security and bank numbers. However, no customer funds were accessed. The incident could cost Coinbase between $180 million and $400 million in remediation and reimbursement efforts. In response, Coinbase has launched a new U.S. support hub, strengthened security measures, and offered a $20 million reward for information leading to the attackers' arrest $SOL
.