the company faced a high-profile data breach involving bribed support staff. Rather than pay the attackers’ ransom, Coinbase created a $20 million reward fund for information that could help identify and prosecute those responsible.
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Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products
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Coinbase refused to pay a $20 million ransom following its January 2025 data breach, instead investing in enhanced customer protection, insider-threat detection systems and a new US-based customer support hub
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Coinbase suffered a data breach involving bribed TaskUs support staff, exposing data of nearly 70,000 users including names, contact info, masked Social Security numbers and ID images, while attackers demanded a $20 million ransom that Coinbase refused
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