Coinbase breach fallout spreads, arrest made in India
The fallout from one of crypto’s most high-profile security breaches has gone international. Coinbase Chief Executive Officer Brian Armstrong said a former customer service agent was arrested in India, months after hackers bribed support staff to gain access to sensitive customer information at the largest U.S.-based crypto exchange.
Summary
- Coinbase confirmed the arrest in India of a former customer service agent tied to a major breach in which hackers bribed support staff to access sensitive customer data and demanded a $20 million ransom.
- The breach, disclosed in May, could cost Coinbase up to $400 million to remediate and has been linked to broader fraud schemes, including…
