Coinbase hack case takes on a global scale

Coinbase CEO Brian Armstrong has confirmed the arrests of customer support employees outsourced to an Indian company, who were responsible for the massive theft of customer data in May 2025.
Hackers who gained access to the data demanded 20 million from Coinbase in exchange for not disclosing it, while the exchange itself estimated the cost of remediation at 400 million.
Recently, police arrested a Brooklyn resident who attempted to exploit the stolen data by impersonating a Coinbase customer, and Armstrong stated that more arrests are expected.