<ul><li>Coinbase disclosed a data breach after rogue contractors stole customer data and demanded a $20M ransom.</li><li>The breach, affecting under 1% of users, was reported to the SEC after a ransom demand was received on May 11, 2025.</li><li>The unauthorized access was detected in previous months, leading to termination of involved personnel and implementation of heightened fraud-monitoring measures.</li><li>Compromised data includes contact details, partial SSNs and bank info, ID images, account history, and limited internal documents but did not expose passwords, private keys, or customer funds.</li></ul>

Coinbase disclosed a data breach after an extortion attempt

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