Coinbase Reveals Over 69,000 People Had Their Data Exposed in a Breach. Take These Steps Now
- Coinbase disclosed on May 21, 2025, that a data breach exposed personal and financial information of 69,461 customers through overseas contractors in support roles.
- The breach occurred between December 26, 2024, and early May 2025 after criminals bribed employees to access internal documents and customer data.
- The exposed information includes names, addresses, phone numbers, partial Social Security numbers, government IDs, account balances, and transaction histories but excludes passwords and private keys.
- Attackers demanded a $20 million ransom on May 11, 2025, which Coinbase refused, instead offering a $20 million bounty for tips leading to their arrest.
- Coinbase continues cooperating with law enforcement, will reimburse customers who lost funds to the attackers, and expects breach costs to reach $180 million to $400 million.
101 Articles
101 Articles


Coinbase employees caught taking bribes for user data — hackers demand $20 million ransom
Coinbase received an extortionary email asking for $20 million in ransom from hackers who said they had obtained private user data. The cryptocurrency exchange platform said a May 11 message demanded the money in return for not publicly disclosing information that was obtained through Coinbase employees. ‘No passwords, private keys, or funds were exposed, and Coinbase Prime accounts are untouched.’ In a press release, Coinbase said “cyber crimin…
Coinbase Breach Exposes Flaws in Digital ID Systems as Governments Push for Centralized Identity Data
The Coinbase breach occurred due to bribery of overseas support agents, exposing sensitive customer data (e.g., IDs, addresses, partial SSNs) and highlighting vulnerabilities in centralized identity systems. Unlike passwords, leaked government-issued IDs (e.g., passports) cannot be easily replaced, leaving victims permanently vulnerable to identity theft. The breach underscores the dangers of storing vast amounts of personal data in centralized …
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