Coinbase fell victim to an extortion attempt where stolen customer data was leaked, prompting the company to offer a $20 million reward for information. The incident involved targeted insider manipulation and resulted in data compromise affecting less than 100,000 users.
Affected: Coinbase, customers of Coinbase
Affected: Coinbase, customers of Coinbase
Keypoints
- The cybersecurity incident involved an extortion demand for $20 million from Coinbase.
- Criminals targeted Coinbase customer support agents overseas to steal data.
- Stolen data included personal information but not login credentials or access to funds.
- The company estimates remediation costs between $180 million and $400 million.
- Consumers are warned to beware of scams impersonating Coinbase employees.
Read More: https://therecord.media/coinbase-extortion-attempt-company-offers-20million-reward