Personal information leaked in Coinbase -Cyber attack, the costs can be $ 400 million
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- Coinbase recently confirmed cyber attacks
- The attack then started Crooks the employees of the company abroad
- Passwords and user funds were not influenced
Coinbase, one of the largest centralized cryptocurrency exchanges in the world, suffered a cyber attack that could cost between $ 180 million and $ 400 million. According to Reuters, this is, referring to a regulatory application that was submitted by the company earlier this week.
The stock market said that on 11 May it received an e -mail from an unknown threat actor who claimed that they have obtained internal documents and sensitive data about certain customer accounts. Coinbase later confirmed these claims and said that only a “small subset” of customers was hit.
The stolen data does not contain any login details or passwordsBut Coinbase said it would reimburse everyone who gave their money to the attackers. To obtain the files, the criminals are said to have paid ‘several contractors and employees’ who worked in supporting roles outside the US.
Demanding ransom
The persons involved were identified and then fired. There is no information about possible legal steps against them.
The attackers demanded a ransom of $ 20 million in exchange for the data that Coinbase refused to pay. Instead, it now offers that exact amount – $ 20 million – as a premium for anyone who comes forward with usable information about the identities or place of residence of the hackers.
Crypto is now in a difficult position and tries to settle as a legitimate industry, while it is surrounded by theft, scams, crime and regulatory pressure. Only a few months ago, Bybit – another large cryptocurrency change – was hacked, with North Korean cyber criminals who run away with $ 1.5 billion in different tokens.
Earlier in May, Alex Mashinsky, the former CEO of the Crypto Bank bankruptcy, Celsius Network, was sentenced to 12 years in prison after he had declared guilty of securities fraud and raw material fraud, and recently – in broad daylight – tried to kill the daughter of a crypto exchange CEO.
At the same time, Reuters reports that the SEC took the opportunity to investigate whether Coinbase explained user figures incorrectly and whether it has insufficient KYC practices. Coinbase, however, denied the research.
By Reuters
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