TechCrunch founder Michael Arrington warns of Coinbase's data breach severity, as the exchange refuses $20M ransom and offers bounty for hackers' capture.
The DOJ is investigating a major security breach at Coinbase where hackers bribed overseas customer service staff to access sensitive user data. After demanding $20 million in Bitcoin ransom, which Coinbase refused to pay, the exchange instead offered an equal bounty for the perpetrators' capture. The breach exposed users' personal information including home addresses and account balances.