<ul><li>Coinbase faces a $400 million bill due to a cyber attack by compromised overseas contractors, exposing sensitive customer information.</li><li>The breach did not compromise passwords and private keys, but personal data leakage raises concerns regarding trust and anonymity in the industry.</li><li>Coinbase refused to pay a $20 million ransom, emphasizing a firm position against cyber-extortion.</li><li>The cybercriminals recruited rogue overseas support agents to steal customer data, highlighting vulnerabilities in the supply chain and prompting Coinbase to establish a U.S.-based customer support hub.</li></ul>

Contractor Backdoor: Coinbase Faces $400M Blow in Major Data Breach

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