- Coinbase confirmed to suffer a recently cyber
- The attack began when Crooks bribed the company’s employees abroad
- Passwords and user funds were not affected
Coinbase, one of the largest centralized cryptocurrency exchanges, suffered a cyber attack that could cost between $ 180 million and $ 400 million. This is according to PakGazette, citing a regulatory presentation presented by the company earlier this week.
The exchange said that on May 11, he received an email from an unknown threat actor who said they obtained internal documents and confidential data on certain client accounts. Coinbase then confirmed these statements, saying that only a “small subset” of the clients was affected.
The stolen data does not include login credentials or passwords, but Coinbase said it would reimburse anyone who has given their money to the attackers. To obtain the archives, the criminals allegedly paid “multiple contractors and employees” who worked in support roles outside the United States.
Demanding rescue
The individuals involved were identified and subsequently triggered. There is no information on possible legal actions against them.
The attackers demanded a rescue of $ 20 million in exchange for the data, which Coinbase refused to pay. On the other hand, it is now offering that exact amount of money, $ 20 million, as a reward for anyone who presents processable information about the identities or whereabouts of computer pirates.
Crypto is in a difficult position at this time, trying to settle as a legitimate industry, while it is surrounded by theft, scams, crimes and regulatory pressure. Just a few months ago, Bybit, another important exchange of cryptocurrencies, was pirate, with the cybercriminals of North Korea who moved away with $ 1.5 billion in different tokens.
At the beginning of this May, Alex Mashinsky, former CEO of the Bankrupt Crypto Bank, Celsius Network, was sentenced to 12 years in prison after declaring himself guilty of values fraud and fraud of basic products, and recently, in broad daylight, three people tried to kidnap the daughter of a CEO of Crypto Exchange.
At the same time, PakGazette reports that the SEC took the opportunity to investigate whether Coinbase indicated user figures and if you have inadequate KYC practices. However, Coinbase denied the survey.
Through PakGazette
