<ul><li>Coinbase, a major cryptocurrency exchange in the US, faces potential losses of $180-400 million this year due to a recent cyber attack.</li><li>The breach, attributed to an insider threat, involved the leakage of sensitive data including personal information of customers and employees.</li><li>Cybercriminals utilized advanced phishing tactics to deceive users into transferring cryptocurrency to fraudulent accounts.</li><li>Coinbase responded by resetting passwords, reimbursing affected customers, terminating freelance employees involved, and offering a reward for information leading to the attackers' capture.</li></ul>

Insider Threat fetches $400m loss to Coinbase

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