In a breach that some are saying is the most embarrassing and costly breach in crypto history, Coinbase has confirmed a major security incident that has exposed the sensitive data of hundreds of thousands of users. The company’s own contract employees were bribed by the hackers who then demanded a $20 million ransom to delete the information they had stolen. Coinbase’s response? Refuse to pay and put a bounty on the hackers’ heads. A Backdoor Through Customer Support Coinbase was breached in a cybersecurity attack that spanned several months, starting in January 2025. A group of hackers targeted contract workers
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