US EditionCoinbase Reveals Over 69,000 People Had Their Data Exposed in a Breach. Take These Steps Now
- Coinbase confirmed a cyberattack affecting 69,461 customers with stolen personal and financial data in a breach disclosed last week.
- The breach began on December 26, 2024, and lasted until shortly before May 2025, during which time attackers gained access by bribing overseas support staff.
- The attackers demanded a $20 million ransom for deleting the stolen data, but Coinbase declined to pay and instead announced a $20 million bounty for any leads that help identify or locate the hackers.
- The stolen data excluded passwords, private keys, and two-factor codes but included names, addresses, phone numbers, government IDs, and transaction histories.
- Coinbase is cooperating with law enforcement, reimbursing affected customers who lost funds, and advising caution against scams exploiting the breach data.
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103 Articles
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Enid News & EagleCoinbase Global, Inc. (COIN) Shares Slide Amid Disclosure of Material Cybersecurity Incident – ...
SAN FRANCISCO, June 05, 2025 (GLOBE NEWSWIRE) -- On May 15, 2025, investors in Coinbase Global, Inc. (NASDAQ: COIN) saw the price of their shares slide about 7% after the company announced that it experienced a material cybersecurity incident, raising…
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The BlazeCoinbase employees caught taking bribes for user data — hackers demand $20 million ransom
Coinbase received an extortionary email asking for $20 million in ransom from hackers who said they had obtained private user data. The cryptocurrency exchange platform said a May 11 message demanded the money in return for not publicly disclosing information that was obtained through Coinbase employees. ‘No passwords, private keys, or funds were exposed, and Coinbase Prime accounts are untouched.’ In a press release, Coinbase said “cyber crimin…
Coinbase Breach Exposes Flaws in Digital ID Systems as Governments Push for Centralized Identity Data
The Coinbase breach occurred due to bribery of overseas support agents, exposing sensitive customer data (e.g., IDs, addresses, partial SSNs) and highlighting vulnerabilities in centralized identity systems. Unlike passwords, leaked government-issued IDs (e.g., passports) cannot be easily replaced, leaving victims permanently vulnerable to identity theft. The breach underscores the dangers of storing vast amounts of personal data in centralized …
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