Coinbase expects data breach to cost it up to $400 mn
San Francisco (AFP) May 15, 2025 Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet. Instead of paying up, Coinbase informed US regulators about the theft and made plans to spend from $180 million to $400 million to reimburse victims and deal with the situation. "Cyber criminals bribed and recruited a grou
San Francisco (AFP) May 15, 2025
Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet.
Instead of paying up, Coinbase informed US regulators about the theft and made plans to spend from $180 million to $400 million to reimburse victims and deal with the situation.
"Cyber criminals bribed and recruited a grou
Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet.
Instead of paying up, Coinbase informed US regulators about the theft and made plans to spend from $180 million to $400 million to reimburse victims and deal with the situation.
"Cyber criminals bribed and recruited a grou 
