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.
The United States has expressed support for the people of Iran as protests continue across the country, with Secretary of State Marco Rubio signalling...
Warning of a strategic threat from Russia and China, Donald Trump said on Friday that the United States must acquire Greenland to prevent the Arctic i...
Thousands of firefighters worked tirelessly on Saturday in Victoria, Australia, to combat bushfires that have destroyed homes, left tens of thousands ...
A South Korean court hearing the case of former President Yoon Suk Yeol on charges of insurrection postponed the sentencing request until next week af...
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dyn...
Warning of a strategic threat from Russia and China, Donald Trump said on Friday that the United States must acquire Greenland to prevent the Arctic island from falling under foreign control.
Thousands of firefighters worked tirelessly on Saturday in Victoria, Australia, to combat bushfires that have destroyed homes, left tens of thousands without power, and scorched large areas of bushland.
A South Korean court hearing the case of former President Yoon Suk Yeol on charges of insurrection postponed the sentencing request until next week after a lengthy session. This case could potentially lead to a death penalty verdict for Yoon due to his failed attempt to impose martial law in 2024.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
Iran is now facing a near‑total internet blackout as anti-government protests sweep the country. Major cities including Tehran have seen connectivity drop sharply, leaving millions of residents isolated from online communication.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Tens of thousands of Iranians have taken to the streets in Tehran and across at least 28 cities in a wave of anti-government demonstrations, now entering their twelfth day.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
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