Ex-Coinbase Agent Arrested in India Over $400M Breach
Nearly 70,000 Coinbase customers had sensitive data exposed due to contractor misconduct; Coinbase offered identity protection and set a $20 million reward to catch culprits.
- This week, Coinbase disclosed a breach identified earlier this month that impacted 69,461 affected customers and reported it to the Maine Attorney General's office.
- Investigators linked the intrusion to a small team of external contractors at overseas customer support centers, as threat actors targeted TaskUs agents in Indore from December 2024, offering bribes up to $2,500 per person.
- Exposed records included partial Social Security numbers, masked bank account numbers, home addresses, driver’s licenses and passport photos, but no passwords, private keys or seed phrases were compromised.
- Coinbase refused a $20 million ransom and established a $20 million reward fund, terminated contractors, and offered one year of complimentary identity-theft protection and credit monitoring.
- Although it affected less than 1% of monthly active users, Coinbase serves over 100 million verified users worldwide and estimates $180 million to $400 million in remediation while opening a new U.S. support hub.
25 Articles
25 Articles
Coinbase Says Former Agent Arrested In India Over Exchange Hack
Coinbase Global Inc. Chief Executive Officer Brian Armstrong said that a former customer service agent for the largest US crypto exchange was arrested in India, months after hackers bribed customer service representatives to gain access to customer information.
Andhra police busts international cybercrime network involved in telecom fraud
Amaravati: Andhra Pradesh CID, with the help of the Department of Telecommunication, arrested 14 members of an international cybercrime network involved in ‘SIM Box operations’ and telecom fraud, said a police official on Friday. Cyber Crimes Superintendent of Police (SP) Adhiraj Singh Rana said the accused, including 2 foreign nationals, were involved in converting international calls into local GSM calls using devices called ‘SIM Boxes’, causi…
SIM Box Cyber Fraud Busted in Andhra Pradesh; INR 20 Crore Scam Uncovered by Police, 20 Arrested With Foreign Links | 📲 LatestLY
Andhra Pradesh police have uncovered a major SIM box cyber fraud operation involving illegal telecom routing and international links. The racket, worth around INR 20 crore, led to multiple arrests and seizures of high-tech equipment. Authorities say the scam highlights rising cross-border cybercrime threats and growing misuse of advanced communication technologies. 📲 SIM Box Cyber Fraud Busted in Andhra Pradesh; INR 20 Crore Scam Uncovered by P…
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