{"id":129312,"date":"2025-05-15T12:21:03","date_gmt":"2025-05-15T12:21:03","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129312"},"modified":"2025-05-15T12:21:03","modified_gmt":"2025-05-15T12:21:03","slug":"coinbase-refuses-20m-ransom-after-support-agent-data-breach","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129312","title":{"rendered":"Coinbase refuses $20M ransom after support agent data breach"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCoinbase, the world\u2019s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said.<br \/>\nAccording to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data.<br \/>\n\u201cThese insiders abused their access to customer support systems to steal the account data for a small subset of customers,\u201d Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected.<br \/>\nLess than 1% of Coinbase\u2019s monthly transacting users\u2019 data was affected by the attack, the company said.<br \/>\nSource: CoinbaseAfter stealing the data, the attackers attempted to extort $20 million from Coinbase in exchange for not disclosing the breach. Coinbase refused the demand.<br \/>\nRelated: Ukraine strategic Bitcoin reserve bill reportedly in final stages<br \/>\nInstead, the company offered a $20 million reward for information leading to the arrest and conviction of those responsible for the scheme.<br \/>\nScammers often masquerade as recognizable brands to inspire a false sense of trust in their victims.<br \/>\nUS brands impersonated by scammers the most. Source: MailsuiteIn 2024, Coinbase was the most impersonated cryptocurrency brand by scammers.<br \/>\nThis is a developing story, and further information will be added as it becomes available.<br \/>\nRelated: Top South Korean presidential hopefuls support legalizing Bitcoin ETFs<a href=\"https:\/\/cointelegraph.com\/news\/cyber-criminals-steal-coinbase-customer-data-20-m-ransom?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCoinbase, the world\u2019s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129312"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129312"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129312\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129312"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}