<ul><li>Cryptocurrency trading platform Coinbase faced a $400 million scam where criminals used customers' data to swindle funds.</li><li>Attackers obtained personal data on less than 1% of customers by bribing overseas Coinbase staff and contractors.</li><li>Rather than paying a $20 million ransom demand, Coinbase set up a reward fund for information leading to the criminals' arrest.</li><li>The incident highlights the crypto industry's vulnerability to theft, with Coinbase estimating costs between $179m to $400m for remediation and reimbursements.</li></ul>

Coinbase Hit By $400m Crypto Scam

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