The post Coinbase Faces $400 Million Blow After Cyberattack Fallout appeared first on Coinpedia Fintech News
In a recent security mishap, Coinbase, one of the biggest crypto exchanges in the world, has found itself facing an internal betrayal. The breach didn’t come from hackers breaking through firewalls—it came from insiders leaking private information of coinbase customer.
This cyber attack is expected to cost the company anywhere between $180 million and $400 million.
How the Breach Happened
According to a blog post by the company, some overseas customer support agents working for Coinbase were bribed by cybercriminals. These agents leaked personal customer data, including names, home addresses, phone numbers, and even government ID photos.
Some records also had partial Social Security and bank information. However, Coinbase clarified that none of the leaked data included passwords, wallets, or two-factor authentication codes.
Who Was Affected?
Coinbase says
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