Coinbase Defends Against Cybercrime with $20 Million Reward

Facing a significant data theft and extortion attempt, Coinbase has initiated a robust response to combat cybercrime. A $20 million reward is being offered for information leading to the apprehension of those responsible. This follows a breach where sensitive user information was accessed by perpetrators demanding an equivalent amount in Bitcoin as ransom. The platform’s commitment to not yielding to such demands aims to deter future threats while also providing financial support for identifying those involved.