Coinbase CEO Rejects $20M Ransom Demand After Insider Hack Exposes User Data

May 16 2025 bitcoin


Coinbase CEO Brian Armstrong Predicts Where Crypto Is Headed NextCoinbase CEO Brian Armstrong Predicts Where Crypto Is Headed Next

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In a massiver shocker, Coinbase, the largest crypto exchange in the U.S., has revealed a major cyberattack tied to bribed overseas contractors.  The breach exposed sensitive customer data and was followed by a $20 million ransom demand in Bitcoin. If the fallout isn’t contained, Coinbase estimates it could face up to $400 million in remediation …