Background of Coinbase’s May 2025 breach Coinbase, America’s largest cryptocurrency exchange, received an unsolicited email from an unknown threat actor on May 11, 2025. They claimed to possess sensitive information about its customers and demanded a ransom of $20 million. Before examining the breach, it is interesting to understand how it happened at a public company that spends millions monthly on cybersecurity. In February, blockchain investigator ZachXBT reported increased thefts involving Coinbase users
source: https://cointelegraph.com/explained/coinbase-data-breach-2025-what-was-stolen-and-what-you-need-to-know?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound