Former Coinbase Contractor Arrested in India Following $20 Million Ransom Hack

TLDR: Hackers bribed external contractors to steal customer data and demanded $20 million ransom from Coinbase. The breach could cost Coinbase up to $400 million in remediation expenses and security system upgrades. Hyderabad Police arrested the former customer service agent after collaboration with Coinbase investigators. Brooklyn prosecutors filed separate charges against a resident running impersonation [...]

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