<ul><li>Coinbase assisted in dismantling a $20 million crypto spoofing scheme by providing critical evidence to law enforcement.</li><li>The scheme involved phishing and fake websites impersonating Coinbase, resulting in over $20 million being stolen from unsuspecting users.</li><li>Coinbase's cooperation led to the arrest of the scheme's ringleader, Chirag Tomar, while facing a separate class-action lawsuit and regulatory scrutiny over a recent data breach.</li><li>The breach triggered a $20 million ransom demand, a class-action lawsuit, and a $4.5 million fine from the FCA, highlighting concerns about Coinbase's internal controls and data protection measures.</li></ul>

Coinbase helps bust $20 million spoofing scheme amid legal scrutiny

Discover more