Coinbase Exposed: Agents Bribed, Data of ~1% of Users Compromised; $20M Extortion Bid Fails
May 15, 2025
Cryptocurrency / Threat Intelligence
Coinbase has reported a data breach involving a small fraction of its users after cybercriminals targeted its overseas customer support agents. The company revealed that these criminals offered cash incentives to a limited number of insiders, who then extracted data concerning less than 1% of Coinbase’s monthly active users. The attackers aimed to compile a list of customers to impersonate Coinbase and trick them into surrendering their cryptocurrency assets. On May 11, 2025, the perpetrators attempted to extort Coinbase for $20 million, claiming possession of sensitive information about specific customer accounts and internal documents. In response, Coinbase confirmed that the compromised agents, based in India, have been terminated. The firm assured customers that no passwords, private keys, or funds were at risk.
Cryptocurrency / Threat Intelligence
Coinbase Faces Breach After Insider Compromise; User Data Exposed in Extortion Attempt May 15, 2025 In a recent security disclosure, Coinbase revealed that an unauthorized breach of its systems has resulted in the theft of account information pertaining to a small percentage of its user base. The cryptocurrency exchange stated…
Coinbase Exposed: Agents Bribed, Data of ~1% of Users Compromised; $20M Extortion Bid Fails
May 15, 2025
Cryptocurrency / Threat Intelligence
Coinbase has reported a data breach involving a small fraction of its users after cybercriminals targeted its overseas customer support agents. The company revealed that these criminals offered cash incentives to a limited number of insiders, who then extracted data concerning less than 1% of Coinbase’s monthly active users. The attackers aimed to compile a list of customers to impersonate Coinbase and trick them into surrendering their cryptocurrency assets. On May 11, 2025, the perpetrators attempted to extort Coinbase for $20 million, claiming possession of sensitive information about specific customer accounts and internal documents. In response, Coinbase confirmed that the compromised agents, based in India, have been terminated. The firm assured customers that no passwords, private keys, or funds were at risk.
