Coinbase Fights Back Against $20 Million Extortion Attempt by Imposters

Coinbase has repelled a brazen attempt to extort $20 million from the exchange after attackers compromised internal systems through a coordinated scheme involving rogue support staff. The breach, which impacted less than 1% of Coinbase’s monthly transacting users, saw attackers extract limited data but no sensitive credentials such as passwords or private keys. The company is offering a reward of $20 million for any information leading to the arrest and conviction of those responsible.