<ul><li>Coinbase disclosed a cybersecurity incident that could cost it up to $400 million.</li><li>The company's investigation is ongoing, with estimated expenses ranging from $180 million to $400 million for remediation and customer reimbursements.</li><li>The cyberattack involved data stolen from Coinbase, used for social engineering trickery leading to an attempted $20 million extortion.</li><li>Coinbase is setting up a $20 million reward fund for information on the cyberattackers, as social engineering fraud rises by 56%.</li></ul>

Coinbase Says Cybersecurity Incident Could Cost It $400 Million

Discover more