Coinbase offers $ 20M Bounty because Crypto Exchange said criminals have stolen customer data
Coinbase (coin) expects to pay $ 180 million to $ 400 million to customers for breaking the data on its platform.
The violation took place on May 11, according to the firm. Evil actors are accessing personal details of customers, such as the name, address, phone number, and social security number.
“Based on the facts that are constantly changing, the company is initially estimated costs within the range of approximately $ 180 million to $ 400 million related to remediation costs and spontaneous customer payments related to this incident,” the exchange said in a sec -filing of.
Crypto Exchange has been added to a Blog post That it is “re -granting customers who are to be transmitted to sending funds to the attack.” It also offers a $ 20 million bug bounty for anyone who provides information leading to an arrest.
Confirmation of criminal activities Cyber came three months after On-chain Sleuth Zachxbt claimed Coinbase users have lost $ 300 million in social engineering scams.
Coinbase also said criminals have secured government ID images, account balance and corporate data balance. Two-factor authentication codes and private keys are not damaged, it added.
The staff who fired were involved in breaking the area and defined us and international law enforcement. It will also force criminal charges.
Coinbase did not immediately respond to CoinDesk’s request for comment about ZachXBT’s $ 300 million claim.
Update (May 15, 12:48 UTC): Update Headline, adding details to breach.
