Coinbase data hacker demands $20 million ransom, dismisses implicated individuals and hands them over to law enforcement

BlockBeats News: On May 16th, according to Foxbusiness, cryptocurrency trading platform Coinbase Global stated that a cyber attack resulted in the leakage of its customer account data, which could cause the company up to $400 million in losses. Subsequently, the company's stock price fell more than 7% on Thursday. The stolen account data has affected a small portion of customers, including names, addresses, phone numbers, emails, and government ID photos. The company stated in regulatory documents submitted on Thursday that passwords and private keys were not leaked. Currently, Coinbase manages over $328 billion in assets. On May 11th, it received an email from an unknown threat claiming to have access to customer account information and internal files. The documents show that these cybercriminals demanded a ransom of $20 million in exchange for not disclosing this information. Hackers paid fees to multiple contractors and support personnel outside the United States to obtain this information. According to Coinbase, they have dismissed the individuals involved and handed them over to law enforcement agencies.