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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
US cryptocurrency exchange Coinbase said on Thursday it was targeted by hackers who stole customer data and demanded $20mn to prevent its public disclosure.
The group, which is set to become the first crypto exchange to join the S&P 500 on May 19, said the cyber demands were made on Sunday.
The California-based exchange has promised to pay a $20mn reward — the amount demanded — for information leading to the arrest and conviction of those responsible.
Its shares closed down 7.2 per cent in New York. They had soared by a quarter on Tuesday after the announcement of its inclusion in the US blue-chip stock…
