Coinbase Offers $20M Bounty Reward

Coinbase Offers $20M Bounty After Extortion Attempt

• Cybercriminals attempted to extort $20 million in Bitcoin from Coinbase.
• Rogue overseas support agents leaked data of less than 1% of Coinbase users.
• No passwords, private keys, or funds were compromised; Prime accounts were unaffected.
• Coinbase is offering a $20 million bounty for information leading to the attackers’ arrest.
• The compromised support agents were based in India and have been terminated.

After cybercriminals tried to extort $20 million from Coinbase using stolen customer data, the company refused to pay and instead offered a $20 million bounty for information leading to the perpetrators’ capture. The breach involved less than 1% of users, with no critical account details exposed.