Coinbase Hit by Major Breach: Hackers Demand Bitcoin Ransom

A group of hackers has claimed responsibility for stealing sensitive customer data from Coinbase, demanding a $20 million payment in Bitcoin to prevent further disclosure. In response, Coinbase CEO Brian Armstrong is refusing to pay the ransom and instead offering a substantial $20 million reward for information leading to the arrest of the perpetrators. This breach highlights the vulnerability even of major players in the cryptocurrency space.