Coinbase Investigated for $20 Million Cyber Extortion: DOJ Probes Security Breach

The cryptocurrency industry continues to face security challenges, as the U.S. Department of Justice (DOJ) has launched a criminal investigation into a major cyberattack on Coinbase. Sources suggest the investigation focuses on a significant attempted extortion attempt involving the exchange’s customer data. While no funds or private keys were compromised according to Coinbase, the attack is being treated with high priority by law enforcement.