Coinbase, one of the world’s largest cryptocurrency exchanges, recently disclosed a security breach involving cybercriminals using overseas support staff to steal customer data in an extortion attempt. The company estimated remediation costs between $180 million and $400 million and pledged to reimburse victims of phishing attacks. Despite refusing to pay the $20 million ransom demand, Coinbase established a reward fund matching that amount for information leading to the arrest of those responsible. 2025 saw Bitcoin reach new highs, exceeding the $100,000 mark on May 9th after seeing an increase in institutional investments and investor confidence. This surge coincides with growing optimism following U.S.-China trade relations efforts. Institutional investors are driving this momentum as Bitcoin ETFs now hold over $110 billion in assets, making up more than one percent of the entire ETF market.