Coinbase’s $20 Million Ransom Rejection: Rogue Agents, Breached Data, and a Comedy of Crypto Errors
Coinbase was hit by a cyber-heist involving rogue support agents and a hefty $20 million ransom demand. Despite the cyber drama, Coinbase refused to cough up the cash and is instead offering a $20 million reward for information leading to the culprits. No passwords or funds were compromised in this cryptocurrency caper.
Hot Take:
Coinbase just turned a heist into a treasure hunt! While cybercriminals demanded a $20 million ransom, Coinbase decided to play detective and offered the same amount for leads on the bad guys. It’s like a real-life Whodunit with a crypto twist. Who needs Netflix when you have cybercrime drama unfolding in real-time?
Key Points:
- Cybercriminals, with help from rogue support agents, stole Coinbase customer data.
- Attackers demanded a $20 million ransom, which Coinbase refused to pay.
- Coinbase established a $20 million reward fund for leads on the attackers.
- 1% of customers affected, but no private keys or funds were accessed.
- Expected losses for Coinbase could reach up to $400 million.
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