Cryptocurrency exchange platform Coinbase has reported that it may incur financial losses ranging from $180 million to $400 million due to a recent cyberattack targeting its internal systems.
In an official statement, the company revealed that a limited number of user accounts were compromised. The stolen data included personal information such as names, physical addresses, and email addresses. However, Coinbase assured its users that login credentials and passwords were not accessed by the attackers.
The company further disclosed that the hackers paid several non-U.S.-based employees to obtain insider information, which ultimately led to a data breach. Coinbase stated that all employees involved have been terminated.
Importantly, Coinbase emphasized that it refused to pay the $20 million ransom demanded by the cybercriminals. Instead, the company is offering a $20 million reward for any information that leads to identifying those responsible for the cyberattack.
Coinbase reiterated its commitment to user security and confirmed that its core systems remain intact. The company is working with international law enforcement agencies to investigate the breach and prevent future threats.
Keywords: Coinbase cyberattack, cryptocurrency exchange breach, Coinbase data leak, crypto security, insider threat Coinbase, Coinbase hacker reward, Coinbase ransom refusal, user data breach crypto.
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