
Brian Armstrong confirmed the arrest in India is linked to a May 2024 insider data breach affecting over 69,000 users, underscoring heightened risks of internal cybersecurity threats.
On Dec. 29, Hyderabad Police in India arrested a former Coinbase customer support staffer over a May 2024 insider data leak impacting 69,461 users. According to Coinbase CEO Brian Armstrong, this marks the first known arrest in the case. The breach resulted in $307 million in costs, and attackers demanded a $20 million ransom, which Coinbase refused to pay. The incident highlights the profound impact of insider threats within cryptocurrency platforms.