Major crypto platform hit by ‘$400m’ cyber attack with customers issued danger warning

Coinbase, the third-largest cryptocurrency exchange, confirmed it was hacked, potentially costing the company $400 million in reimbursements. The breach occurred after hackers obtained sensitive customer data, including names, emails, and addresses, by bribing employees and contractors outside the U.S., leading to their termination. Coinbase’s chief legal officer stated that they have informed the U.S. Department of Justice and other law enforcement agencies, urging them to pursue criminal charges against the perpetrators.