Coinbase Offers $20M Bounty as Crypto Exchange Says Criminals Stole Customer Data

Coinbase (COIN) has confirmed that cyber criminals “bribed and recruited” a bunch of rogue assist brokers that facilitated the theft of person knowledge.

The crypto change added in a weblog publish that it’ll “reimburse customers who were tricked into sending funds to the attacker.” It has additionally supplied a $20 million bug bounty for anybody that gives info resulting in an arrest.

The affirmation of cyber prison exercise comes three months after on-chain sleuth ZachXBT claimed that Coinbase customers had misplaced $300 million to social engineering scams.

Coinbase additionally mentioned that the criminals secured authorities ID photographs, account balances and company knowledge. Two-factor authentication codes and personal keys weren’t breached, it added.

The change fired employees concerned within the breach on the spot and referred to U.S. and worldwide legislation enforcement. It may also press prison costs.

Coinbase didn’t instantly reply to CoinDesk’s request for remark with regard to ZachXBT’s $300 million declare.