Coinbase Ex-Employee Held for Cybercrime; CEO Thanks Hyderabad Police

Coinbase ex-employee held for cybercrime; CEO thanks Hyderabad Police

Coinbase Global Inc. co-founder and CEO Brian Armstrong thanked the Hyderabad police for arresting an ex-Coinbase customer service agent who allegedly led a cyberattack on the company in May this year. In an X post shared on Friday, December 26, Armstrong said, “We have zero tolerance for bad behaviour and will continue to work with law enforcement to bring bad actors to justice. Thanks to the Hyderabad Police in India, an ex-Coinbase customer s…

Coinbase Discloses Arrest Of Former Customer Agent Over Data Breach — Report

According to the latest report, a former Coinbase customer service contractor has been arrested in India for their role in a recent data breach incident. This arrest comes after hackers reportedly bribed customer service representatives or contractors to gain access to customer information at the US’s largest cryptocurrency exchange. In May, Coinbase revealed that hackers bribed contractors or the company’s employees outside to steal sensitive u…

Coinbase’s Armstrong stresses ‘zero tolerance’ after arrest of former agent in India

With costs reaching $400 million, Coinbase’s insider attack ranks among the top ten most expensive failures...

Coinbase CEO announces first arrest in India over insider data breach: ‘More still to come’

The news comes one week after a Brooklyn man was indicted on 31 counts for allegedly stealing $16 million from Coinbase customers in a separate scheme.

Coinbase Arrests Former Indian Employee in Major Data Breach Case

Coinbase arrested a former Indian employee linked to a major data breach affecting customer information. Hackers bribed overseas staff for data and demanded a $20M ransom. The investigation is international, with cooperation from law enforcement. Coinbase has confirmed the arrest of a former customer service employee in India in connection with a major data breach at the company earlier this year. The Hyderabad Police helped with the arrest, whi…

Coinbase Confirms India Arrest Linked to Support Staff Role in Major Customer Data Breach

Coinbase breach shows how insider access can expose customer data even when core systems remain secure. Arrest in India highlights growing risks tied to outsourced support teams at major crypto exchanges. The case shows human security failures can trigger long term fraud and costly recovery efforts. Coinbase confirmed the arrest of a former customer service agent in India following a major customer data breach disclosed earlier this year. The ar…