"The incident at Coinbase illustrates the crypto industry's continued vulnerability to hacks and data breaches."
"Coinbase has decided not to pay the ransom. Instead, Coinbase is offering a $20 million reward to anyone who can provide information."
Coinbase, a leading cryptocurrency platform, announced it was hacked, resulting in the theft of customer data worth an estimated $400 million. Despite being a major incident symbolically due to Coinbase's recent entry into the S&P 500, the company maintains that its Prime service remains secure. The breach involved bribing employees to access sensitive customer information since January, with ransom demands of $20 million following the theft. Instead of paying, Coinbase is offering a reward for information about the attackers, showcasing the ongoing risks within the crypto industry, which has seen $2.2 billion lost to hacks in 2024 alone.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]