Coinbase Hit by Ransomware Attack, Millions of Users Face Sensitive Data Leak

American cryptocurrency exchange Coinbase has fallen victim to a daring cyberattack, with fraudsters demanding $20 million in Bitcoin as ransom for stolen customer data. The breach impacted a significant number of users, exposing sensitive information such as full names, emails, addresses, and phone numbers. 1% of monthly transacting users reportedly suffered data theft according to the company. This unprecedented attack raises alarm bells about the security of major exchanges like Coinbase, whose massive user base makes them prime targets for cybercriminals.