According to Foresight News, according to Fortune magazine, Coinbase has disclosed a data breach incident where criminals bribed overseas customer service personnel, including customer addresses, phone numbers, government identification documents, and some bank and social security records. The company stated that stolen data (excluding login credentials or wallet access) accounted for less than 1% of monthly active trading customers. According to Coinbase's latest financial report, this means that less than 84000 customers are affected. Coinbase's Chief Security Officer, Philip Martin, stated in an interview with Fortune magazine that all laid-off customer service personnel are working in India. This indicates that the briber is likely an Indian citizen, although this has not been confirmed. Criminals attempted to extort Coinbase, demanding that it pay $20 million in Bitcoin in exchange for not disclosing details of data theft. Criminals use this data to carry out social engineering fraud against Coinbase customers, impersonating company employees and enticing them to steal account information. Coinbase did not disclose how many customers were deceived, but stated that it will compensate all deceived customers. Coinbase stated that it will pay $20 million to whistleblowers who provide leads and assist in the arrest and conviction of criminals. The company stated that whistleblowers can use the security @ (coinbase. com) email and stated that it is working with US and international law enforcement agencies to track down criminals.
