Coinbase Issues Urgent Alert: Targeted Security Incident

Major crypto exchange Coinbase issued an urgent alert to its users following a targeted security incident that involved an extortion attempt against the platform and its customers. In a recent official blog post, Coinbase disclosed details about how cybercriminals bribed and recruited a group of rogue overseas support agents to steal customer data for social engineering attacks. These bad actors targeted less than 1% of Coinbase’s monthly transacting users (MTUs) with bribes to gain access to the company’s customer support tools, copying sensitive data in exchange for minimal compensation.