Coinbase extorted for $20M. Support staff bribed. Customers scammed. One hell of a breach disclosure

Discussion in 'privacy problems' started by stapp, May 15, 2025.

  1. stapp

    stapp Global Moderator

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    https://www.theregister.com/2025/05/15/coinbase_extorted_for_20m_support/
     
  2. ronjor

    ronjor Global Moderator

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    Coinbase Offers $20m Bounty to Take Down Cybercrime Ring Behind Hack
     
  3. Palancar

    Palancar Registered Member

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    I love Coinbase's stance on this. Everybody (customers) are whole. Somebody knows a few of these bad actors. Imagine the temptation to be offered 20 Million to turn in the bad actors even if they are family or friends. I don't know if I could trust my very best friend with my well being if they could get 20 Million for turning me in for a crime. I doubt it will be too long before the domino trail falls.
     
  4. JrH

    JrH Registered Member

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    Coinbase managed it pretty well so far: informing their customers, detecting and firing the personnel involved and putting pressure on the criminals with the bounty on their head. It also sends a message to any one who tries to mess with them. Looks like they came prepared !
     
  5. Palancar

    Palancar Registered Member

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    Yes, but should the info get sold on the dark web bad folks will know that John Smith lives at 123 Main Street and he has BTC. That won't go away.
     
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