Incident Briefing: Coinbase Discloses Breach of Customer Data
On May 15, 2025, the cryptocurrency exchange Coinbase disclosed that it had been the victim of an extortion attempt following a breach of customer data. Coinbase stated that prior to receiving the extortion demand, it had independently discovered unauthorized access of customer data by “overseas support agents” using internal monitoring systems.
Coinbase states it will not pay the $20m extortion demand and is instead creating a $20m “reward fund” for information about the threat actor.
Join IANS Faculty member Jake Williams as he discusses what we know and how we can move forward to mitigate risk.
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