The personal information of users of the US cryptocurrency exchange Coinbase was hacked. The amount of compensation for the leak of personal information is expected to reach up to $400 million (approximately 58.1 billion yen).
Coinbase said in an official blog post that "the hacker bribed an internal employee to extract personal information of users," and that "the insider abused their system access privileges to
"We have leaked some of the account information of some users," he said. The hacked information includes users' names, email addresses, phone numbers, and ID information. Passwords, private keys, funds, etc.
Coinbase Chief Security Officer Philip Martin said, "The Indian insider involved in the data leak has been fired."
Coinbase CEO Brian Armstrong explained that the hackers had demanded $20 million from the company.
Coinbase plans to pay up to $400 million in compensation to victims of the personal information leak. The U.S. Securities and Exchange Commission (SEC) is also investigating the matter to determine the exact extent of the damage.
According to foreign media such as CoinDesk, Coinbase plans to pay $180 million to $400 million in compensation in connection with the leak of user information.
In a document submitted to the SEC, the company said that it estimated that the compensation costs would be up to $400 million. Coinbase previously stated on its official blog that it plans to compensate affected users.
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2025/05/16 12:35 KST
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