Coinbase says former agent arrested in India over exchange hack
CoinbaseCoinbase(US:COIN) The Economic Times·2025-12-27 04:19

In May, the company said hackers bribed contractors or employees outside the US to steal sensitive customer data and demanded a 20millionransom,inoneofthemosthighprofilesecuritybreachesofacryptotradingplatform.Atthetime,SanFranciscobasedCoinbaseestimatedtheincidentcouldcostupto20 million ransom, in one of the most high-profile security breaches of a crypto trading platform. At the time, San Francisco-based Coinbase estimated the incident could cost up to 400 million to remedy. "We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice. Thanks to the Hyderabad Police in India, an ex-Coinbase c ...