Coinbase’s $20M Bribe Scandal: 70K Customer Data Breach Sparks Security Chaos
Coinbase confirms nearly 70,000 customers had their data swiped after overseas support staff were bribed. The crypto giant is on a mission to recover the stolen information and has set up a $20 million bounty. Remember, folks, when it comes to security, trust no one and always wear your 2FA seatbelt!
Hot Take:
***Looks like Coinbase is paying for a masterclass in international espionage, courtesy of some opportunistic overseas support staff. Who knew that crypto security breaches could be so… globalized? Someone call Bond. James Bond.***
Key Points:
– Coinbase suffered a data breach impacting 69,461 customers due to overseas staff bribery.
– The breach involved personal information but did not expose passwords or private keys.
– The attack was discovered months after the December 2024 breach date.
– Coinbase is offering a $20 million bounty for information leading to the attackers’ arrest.
– Affected users receive identity protection services, and security measures are encouraged.