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Coinbase suffers data breach, exposing customer information to hackers

  • Coinbase Global Inc. disclosed a data breach where cybercriminals bribed offshore customer service support agents to steal customer data.
  • No passwords, private keys, or funds were exposed, but personal customer information such as names, addresses, phone numbers, email addresses, and limited corporate data were stolen.
  • Attackers did not access login credentials or private keys to move or access customer funds.
  • Coinbase refused a $20 million payoff demanded by the attackers and instead turned it into a $20 million bounty for information leading to the arrest of the criminals; estimated costs for the company range between $180 million and $400 million for reimbursement and expenses.

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