Get the latest tech news

Extortionists bribed Coinbase employees to give them customer data

Coinbase has been betrayed from within in a cyber crime that could cost the cryptocurrency exchange up to $400 million.

The cryptocurrency exchange said that cyber criminals bribed some of its support agents to share personal information about Coinbase customers. The perpetrators tricked some Coinbase users into sending them money and also demanded $20 million from the company to not publicly disclose the ill-gotten information. In the blog post, the company said it would offer a $20 million reward for information that could lead to arresting and convicting the remaining attackers.

Get the Android app