Coinbase refused to pay a $20 million ransom after hackers accessed user data through bribed support agents. The breach could cost up to $400 million and affected around 97,000 users, prompting a strong company response and stock dip.
Coinbase announced Thursday it declined to pay a $20 million ransom after hackers accessed sensitive customer data by bribing overseas support agents. The company said personal details, including names, contact information, masked Social Security and bank details, and transaction history, were compromised for less than 1% of users - up to 97,000 people.
No funds were stolen, but Coinbase expects total costs from the breach - including reimbursements and security upgrades - to range between $180 million and $400 million. The news triggered a 7% drop in its stock.
CEO Brian Armstrong said Coinbase fired the involved contractors, is working with law enforcement, and will pursue criminal charges. He also announced a $20 million reward for information leading to the attackers' arrest.
Coinbase is boosting its U.S.-based support and strengthening defenses. The breach comes just before the company’s inclusion in the S&P 500, a milestone for crypto adoption. Meanwhile, Coinbase confirmed the SEC is investigating past reporting practices related to user metrics - a matter it said had already been disclosed.
Iran’s foreign minister says a return to nuclear diplomacy with the United States remains possible, provided mutual trust can be restored, warning t...
Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and French President Emmanuel Macron have discussed developments related to Iran and wider regional ten...
At least 32 Palestinians were killed in a series of Israeli airstrikes across the Gaza Strip late Friday and into Saturday, according to Palestinian s...
Sudan on Sunday restarted domestic passenger flights to Khartoum International Airport for the first time since the war erupted in April 2023, as a Su...
Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 14 people dead and more than a doz...
Iran’s foreign minister says a return to nuclear diplomacy with the United States remains possible, provided mutual trust can be restored, warning that any military confrontation would trigger a wider regional conflict.
Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and French President Emmanuel Macron have discussed developments related to Iran and wider regional tensions during a phone call, Qatar’s Amiri Diwan said.
At least 32 Palestinians were killed in a series of Israeli airstrikes across the Gaza Strip late Friday and into Saturday, according to Palestinian sources, as Israel and Hamas traded accusations over an alleged breach of the ceasefire.
Sudan on Sunday restarted domestic passenger flights to Khartoum International Airport for the first time since the war erupted in April 2023, as a Sudan Airways plane arrived from Port Sudan, state media reported.
Newly released Epstein files name French President Emmanuel Macron among figures referenced in millions of disclosed documents.
The United Nations faces the risk of “imminent financial collapse” because of unpaid contributions, including substantial arrears from the United States, Secretary-General Antonio Guterres has warned.
Vladimir Putin said Russia earned more than $15 billion from defence exports in 2025 and fulfilled all military-technical contracts despite what he described as growing pressure from Western countries.
U.S. President Donald Trump said Washington may be able to reach a deal with Cuba, days after he threatened tariffs on any country supplying the island with oil.
Iran’s nuclear ambitions continue to shape regional tensions in the Middle East, particularly among key powers such as Israel and Türkiye, according to political analyst Dr Zaur Gasimov.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment