by: xpoolPosted on:

Coinbase Hit By Data Breach: CEO Refuses Ransom Amid Security Concerns

A recent data breach at Coinbase has exposed the personal information of thousands of users. The incident, which involved insider actions and a ransom demand of $20 million, has raised serious concerns about the security of cryptocurrency exchanges. While the company has urged users to strengthen their authentication methods, CEO Brian Armstrong has refused to pay the ransom, highlighting the challenges in securing user data within this industry. Experts are now calling for greater accountability and stricter regulations to prevent similar breaches.

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