Coinbase Offers $20M Bounty for Data Extortionists

Quick Summary:

Coinbase, the largest publicly traded cryptocurrency exchange in the U.S., has placed a $20 million bounty on cybercriminals who tried to blackmail the company.

The attackers demanded a ransom of the same amount in Bitcoin, threatening to leak sensitive customer data if the exchange refused to comply.

Rather than giving in to the pressure, Coinbase has opted to fight back publicly, and with a serious price tag on justice.

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Article Details

Author / Journalist: Harshini Chakka

Category: Crypto

Markets: United Arab EmiratesCanada

Topics: Market News Coinbase Bitcoin Bounty Market Updates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 13:19:22 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28732972

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 38 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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