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@ tzongocu
2025-05-15 12:32:07
📰 News Alert...
🔖 Title: Coinbase Faces $400M Bill After Insider Phishing Attack
🗓️ Published: 2025-05-15T15:11:31+03:00
📄 Summary: Coinbase, the world’s third-largest cryptocurrency exchange, revealed it is dealing with a $20 million extortion attempt linked to a phishing attack involving its overseas customer support agents. The company stated that sensitive user data was accessed by external actors who bribed customer support contractors. Fortunately, sensitive information such as passwords and funds remained unaffected. Coinbase has pledged to reimburse customers tricked by phishing scams, anticipating costs between $180 million to $400 million as part of their remediation efforts. The exchange is taking steps to enhance data management processes and prevent future incidents.
🔗 [Read more](https://www.coinbase.com/blog/protecting-our-customers-standing-up-to-extortionists)
🗞️ Source: Cointelegraph
💓 #Cybersecurity #Cryptocurrency #PhishingScam