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.
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On the second day of Baku Climate Action Week (BCAW), attention centred on strengthening international cooperation, accelerating the transition to clean energy, and ensuring a fair and inclusive approach.
On 30 September, President of the Republic of Azerbaijan Ilham Aliyev and President of the Italian Republic Sergio Mattarella delivered statements to the press in Baku.
The U.S. State Department has approved a potential sale of M142 High Mobility Artillery Rocket Systems (HIMARS) and associated equipment to Australia, the Pentagon announced Tuesday.
South African Ambassador to France Nkosinathi Emmanuel “Nathi” Mthethwa was found dead on Tuesday at the base of the four-star Hyatt Regency Hotel in western Paris, French authorities confirmed.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
The Organization of Petroleum exporting countries OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day for November at its meeting next Sunday as rising oil prices encourage the group to try to regain more market share, said sources familiar with the talks.
Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
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