Coinbase CEO Says Company Won’t Pay Hackers’ Ransom

COINBASE CEO CEO Brian Armstrong, a ransom note in the post of social media on Thursday, because the stock market for $ 20 million wanted $ 20 million.

“I will answer the public,” Armstrong said. “We will not pay the ransom.”

https://t.co/evpibmfvrw pic.twitter.com/f6updkl5r0

– Brian Armstrong (@brian_amstrong) 15 May 2025

Armstrong said the attackers found a “poor contact” customer service agent who received “bribes” and provides personal information about customers.

In a blog post of a company, Coinbase said that customers were cheating to send funds to the attacker. Hackers received access to names, addresses, phone numbers and emails; Masked Social Security Numbers (Last Four Digest); Masked bank account numbers; and government id images (driver’s licenses, passports). The company says the password or special keys were not received. Email came on Sunday.

Related: Do you think you can hack Apple intelligence servers? If you can do Apple pays up to $ 1 million.

“(The stolen data) allows them to carry out social engineering attacks on our customers with customer support, and they said they tried to force the attackers to send their funds.

AP, Coinbase is assessed in an application in an area where it can start spending between $ 180 million and $ 400 million in connection with the payment of treatment costs and volunteer customers.

Meanwhile, New York Times In 2021, Sonbase SOINBASE is in addition to the lack of inaccurate numbers in IPO in IPO. The company claimed that more than 100 million “approved users” in marketing materials.

Coinbase Fund decreased by 7% after news for Yahoo on Thursday.

Related: More than 10 billion passwords have been exposed on the largest password hack in history