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Were Coinbase employees responsible for data leak to hacker?

  • A hacker has bribed Coinbase Global's contractors or employees outside the US to access confidential customer information and is now demanding a $20 million ransom.
  • The hacker bribed customer-support employees to obtain customer data like names, addresses, and government identity pictures to potentially use in scams and extort money from the exchange.
  • Coinbase CEO Brian Armstrong revealed the ransom demand on social media and stated that the breach may cost the exchange up to $400 million.
  • Coinbase is improving security measures, offering compensation to affected users, and is ready to pay a $20 million reward for information leading to the hacker's apprehension.

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