Coinbase security breach could reach $400M; hackers bribed non-US staff
Coinbase Global Inc. announced that a former customer service agent in India has been arrested in connection with a major security breach.
CEO Brian Armstrong confirmed the arrest on X Friday and emphasized Coinbase’s cooperation with law enforcement.
“We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice,” Armstrong posted.
“Thanks to the Hyderabad Police in India, an ex-Coinbase customer service agent was just arrested. Another one down — and more still to come,” he added.
Earlier this year, Coinbase said hackers bribed non-U.S. employees and contractors to access sensitive customer data, then demanded a $20 million ransom.
The company estimated that potential breach-related costs could reach $400 million.
Tagged: Breaking News BACK TO HOMEPAGE