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.
Ukraine and Russia agreed to exchange 1,000 prisoners of war each, following their first direct peace talks in over three years held in Istanbul.
Delegations from Russia and Ukraine met in Türkiye for their first direct peace talks since 2022, with discussions lasting under two hours.
Ten Baltic Sea NATO states and the EU signed a memorandum to enhance cooperation on protecting critical underwater infrastructure.
The World Bank has approved a $100 million concessional loan to Uzbekistan to help integrate renewable energy into power grids and enhance electricity reliability in key regions. The national grid operator will contribute an additional $50 million to the five-year program.
The sixth European Political Community summit opens this Friday in Tirana, Albania, bringing together 47 heads of state and EU institutions—alongside Türkiye, the UK, Norway, Switzerland and Ukraine—to forge unified strategies on European security, defense and continued support for Ukraine.
Ukraine and Russia agreed to exchange 1,000 prisoners of war each, following their first direct peace talks in over three years held in Istanbul.
Ten Baltic Sea NATO states and the EU signed a memorandum to enhance cooperation on protecting critical underwater infrastructure.
The World Bank has approved a $100 million concessional loan to Uzbekistan to help integrate renewable energy into power grids and enhance electricity reliability in key regions. The national grid operator will contribute an additional $50 million to the five-year program.
The sixth European Political Community summit opens this Friday in Tirana, Albania, bringing together 47 heads of state and EU institutions—alongside Türkiye, the UK, Norway, Switzerland and Ukraine—to forge unified strategies on European security, defense and continued support for Ukraine.
Transport ministers from China and Central Asian countries signed two memoranda of understanding to enhance digitalization and streamline cross-border freight operations, aiming to unlock greater economic, trade, and humanitarian cooperation potential in the region.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
The number of billionaires in the UK has dropped for the second year in a row, hitting the lowest level in over a decade, according to The Sunday Times Rich List 2025.
The European Bank for Reconstruction and Development (EBRD) has approved a trade finance line of up to $5 million (€4.4 million) for Unibank under its Trade Facilitation Programme (TFP). The agreement, signed during the EBRD’s 2025 Annual Meeting in London.
Vietnam has approved a $1.5 billion project by the Trump Organization and Kinhbac City to build golf courses, resorts, and homes. Work is set to begin this quarter and finish by mid-2029.
S&P says easing tariff tensions between the US and China has improved macroeconomic conditions by lowering uncertainty, boosting markets, and reducing risks, though global trade challenges still weigh on credit conditions.
The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU), is enhancing access to finance for micro, small, and medium-sized enterprises across Central Asia and Mongolia.
Ukraine and Russia agreed to exchange 1,000 prisoners of war each, following their first direct peace talks in over three years held in Istanbul.
Ten Baltic Sea NATO states and the EU signed a memorandum to enhance cooperation on protecting critical underwater infrastructure.
The World Bank has approved a $100 million concessional loan to Uzbekistan to help integrate renewable energy into power grids and enhance electricity reliability in key regions. The national grid operator will contribute an additional $50 million to the five-year program.
The sixth European Political Community summit opens this Friday in Tirana, Albania, bringing together 47 heads of state and EU institutions—alongside Türkiye, the UK, Norway, Switzerland and Ukraine—to forge unified strategies on European security, defense and continued support for Ukraine.
Transport ministers from China and Central Asian countries signed two memoranda of understanding to enhance digitalization and streamline cross-border freight operations, aiming to unlock greater economic, trade, and humanitarian cooperation potential in the region.
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