Extortionists bribed Coinbase employees to give them customer data

Coinbase has been betrayed from within. The cryptocurrency speech said that cyber criminals bribed immoderate of its enactment agents to stock idiosyncratic accusation astir Coinbase customers. Attackers acquired information specified arsenic names, addresses, emails, telephone numbers, images of authorities IDs, masked slope relationship numbers and masked sections of societal information numbers. The perpetrators tricked immoderate Coinbase users into sending them wealth and besides demanded $20 cardinal from the institution to not publically disclose the ill-gotten information.

Coinbase has not paid the ransom and is cooperating with instrumentality enforcement to property charges. In the blog post, the institution said it would connection a $20 cardinal reward for accusation that could pb to arresting and convicting the remaining attackers. It besides said that users' login credentials, two-factor authentication codes and backstage keys are inactive secure. It volition reimburse customers who sent funds to the extortionists and volition spot further safeguards connected susceptible accounts. According to an SEC filing, the incidental is projected to outgo Coinbase $180 cardinal to $400 million.