From Cointelegraph

May 15, 2025 07:36 AM:

Coinbase faced a $20 million ransom demand from cyber criminals seeking to steal sensitive user data. The attackers recruited overseas agents to aid in their schemes, affecting less than 1% of monthly transacting users. Despite the extortion attempt, Coinbase refused to pay and will offer a $20 million reward for the culprits’ capture. Scammers often impersonate trusted brands like Coinbase to deceive victims. In 2024, Coinbase was the most targeted cryptocurrency brand by scammers, with Meta being targeted over 25 times more.

Read more at Cointelegraph: Coinbase refuses $20M ransom after support agent data breach