Coinbase Refuses Ransom in Major Data Breach, Offers Reward to Uncover Perpetrators

Coinbase has faced a significant data breach impacting users and has decisively rejected ransom demands. In response, the company is offering a $20 million reward for information leading to the identification of those responsible. 15 May 2025 marks the date this incident was reported, with overseas employees contributing to data leakage. This action highlights the vulnerability faced by crypto users and emphasizes Coinbase’s commitment to securing its platform.