Coinbase Reimburses Customers Following $20 Million Extortion Attempt

  • Coinbase is reimbursing users following a data breach that turned into an extortion attempt. The breach happened when cybercriminals convinced “a small group” of company insiders to copy the data from its customer support tools for less than 1% of Coinbase's monthly transacting users, according to a Thursday (May 15) company blog post.