Coinbase just spilled the beans about a major data breach that affected a whopping 69,461 customers. The breach, which lasted for months, was disclosed by the crypto giant last week. According to a filing with Maine’s attorney general, Coinbase confirmed the number of customers whose personal and financial information was stolen. The breach reportedly started on December 26, 2024, and ran until earlier this month. The company received a ransom note from the hacker, claiming to have stolen customer data, which they found “credible.”
In a surprising turn of events, the hacker demanded a $20 million ransom payment to delete the data. However, Coinbase took a stand and refused to pay up. The hacker managed to bribe Coinbase customer support workers, granting access to customers’ data over several months. The stolen information includes customer names, email and postal addresses, phone numbers, government-issued identity documents, account balances, and transaction histories. There are concerns that wealthy customers could be specifically targeted due to this breach.
It’s not really clear why this data breach matters so much, but Coinbase has come out with some shocking news. A massive number of customers, 69,461 to be exact, had their personal and financial information stolen during a long data breach that was disclosed recently. The state’s data breach notification law required Coinbase to confirm the affected customers, which they did in a filing with Maine’s attorney general. The breach started back in December 26, 2024, and went on until earlier this month. The hacker, claiming to have stolen customer data, sent a ransom note to Coinbase, which the company found to be “credible.”
In a bold move, the hacker demanded a hefty $20 million ransom payment to delete the data. However, Coinbase stood firm and refused to give in to the demands. The hacker used bribery to get Coinbase customer support workers to access customers’ data over a few months. The stolen information includes customer names, email and postal addresses, phone numbers, government-issued identity documents, account balances, and transaction histories. There are concerns that wealthy customers could be at risk of being targeted due to this breach.
