DOJ Probes Coinbase Data Breach: Bribery at Center of Criminal Investigation

The U.S. Department of Justice is investigating a data breach at cryptocurrency exchange Coinbase, where Indian contractors were bribed to gain unauthorized access to customer information. The investigation suggests potential financial losses between $180 million and $400 million for the company. Coinbase reports the incident’s impact on its customers has not yet been seen but led to follow-up scams and intensified cybersecurity concerns.