The largest cryptocurrency exchange in the United States has just confirmed that it has been hacked.
Thursday, Coinbase Confirmed Their system was violated by unauthorized users and accessed internal company documents as well as customer personal data. The company was aware of the violation on May 11 via email threatening the actor.
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Coinbase revealed that in emails received by the company from hackers, it asked for a $20 million ransom in exchange for notes that did not disclose the stolen data. Coinbase said it would not pay the ransom, but instead set up a $20 million reward fund for people who provide any information about arrests and convictions. The company also said it is working with law enforcement.
The news about Coinbase’s data breach is Disclosure first in a filing required by law to file with the U.S. Securities and Exchange Commission (SEC).
Coinbase believes that the invasion occurs after cybercriminals recruit a group of overseas contractors and support agents. Coinbase detected that workers with permission to access their systems “no business access data required”.
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The crypto exchange said it immediately fired the contractor involved in the violation and warned customers accessing the information.
According to Coinbase, less than 1% of exchanges trade users are affected by the violation. based on Previous company documents Regarding its user data, this means that about 100,000 Coinbase users are affected.
According to Coinbase, there are no access to user login credentials such as passwords, personal keys, encrypted wallets or exchange funds.
However, the affected data remains very concerned. Coinbase said the hacker obtained the user’s name, address, phone number and email address. In addition, the customer mask’s bank account number, photos of government IDs such as driver’s license and passport, and the last four digits of the Social Security number were stolen. In addition, bad participants accessed certain user account data, such as balance snapshots and transaction history.
As for company information, Coinbase said the hackers received limited company data such as training materials, support for proxy communications, and other internal documents.
exist Video Statement Posted by Coinbase CEO Brain Armstrong, Coinbase Head describes the changes being made to ensure that similar violations do not occur again. For example, the company is improving its customer support system and relocating its customer support operations due to violations.
Armstrong also promised to reimburse any clients designed in society for violations, thus losing funds.
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