COINBASE REVEALES OVER 69,461 USER WERE AFFECTED IN DEC 2024 DATA THEFT.
In December 2024, Coinbase, a major U.S.-based cryptocurrency exchange, disclosed a data breach affecting 69,461 users. Cybercriminals, collaborating with rogue overseas support agents, stole sensitive customer information, including names, addresses, and government-issued IDs. The attackers demanded a $20 million ransom to not leak the data, which Coinbase refused to pay. The company estimates remediation and reimbursement costs could reach $180 million to $400 million and is cooperating with the U.S. Justice Department to investigate the breach.
