- Coinbase confirmed to like a cyberattack recently
- The attack started when Crooks bribed the company’s employees abroad
- Passwords and user funds were not affected
Coinbase, one of the largest centralized cryptocurrency exchanges in the world, suffered a cyberattack that may cost it between $ 180 million and $ 400 million. According to Pakinomist, this is quoting a regulatory archiving that was submitted by the company earlier this week.
The exchange said that on May 11, it received an E email from an unknown threat actor who claimed that they obtained internal documents and sensitive data on certain customer accounts. Coinbase later confirmed these claims and said that only a “small subgroup” of the customers was affected.
The stolen data does not include login credentials or passwords, but Coinbase said it would prove anyone who gave their money to attackers. To get the files, the criminals allegedly paid “several contractors and employees” who worked in support trolls outside the United States.
Demanding ransom
The persons involved were identified and subsequently fired. There is no information about possible trial against them.
The attackers demanded a $ 20 million ransom in return for the data that Coinbase refused to pay. Instead, it now offers the exact amount – $ 20 million – as a bounty for anyone who comes up with action information about hackers identities or residence.
Crypto is in a difficult position right now trying to establish himself as a legitimate industry while he is surrounded by theft, scam, crime and regulatory pressure. Just a few months ago, Bybit – another major cryptocurrency exchange – was hacked, with North Korean cyber criminals who went away by $ 1.5 billion in different symbols.
Earlier in May, Alex Mashinsky, the former CEO of the bankruptcy Crypto Bank, Celsius Network, was sentenced to 12 years in prison after pleading guilty to securities fraud and commodity, and recently – in daylight – three people tried to kidnap her daughter to a Crypto Exchange CEO.
At the same time, Pakinomist reports that SEC took the opportunity to investigate whether Coinbase -Error -like user numbers and if it has insufficient KYC practice. However, Coinbase denied the probe.
Via Pakinomist
