[Indian Police Arrest Former Coinbase Customer Service Employee in Data Breach Case] On December 29, Indian police in Hyderabad arrested a former Coinbase customer service employee suspected of involvement in the internal data breach disclosed in May of this year. This marks the first arrest in the case. Coinbase CEO Brian Armstrong confirmed the news. Investigations revealed that cybercriminals bribed overseas customer service personnel to gain system access, stealing sensitive information of 69,461 users. The attackers attempted to extort $20 million, but Coinbase refused to pay and instead set up a bounty program of the same amount to track down those involved. The incident has resulted in $307 million in expenses. Coinbase is now facing a shareholder class-action lawsuit and has stated that it will continue to cooperate with international law enforcement agencies in the investigation.