Coinbase Faces Cyber Threat as Hackers Demand $20 Million Ransom

Coinbase confirmed that a criminal syndicate bribed customer service agents to access sensitive client information, including names, partial Social Security numbers, and birthdates. The hackers are threatening to release the data unless a $20 million ransom is paid. Coinbase has refused to comply and is offering a bounty of equal value for leads that result in the capture of those responsible. This incident has reignited concerns over data security in the crypto industry.