Coinbase Agent Arrested for Data Breach Involving $20 Million Ransom
The post Coinbase Agent Arrested for Data Breach Involving $20 Million Ransom appeared on BitcoinEthereumNews.com.
Key Points: Coinbase agent arrested for involvement in a data breach demanding a $20 million ransom. Remediation costs could reach $400 million for the crypto exchange platform. No cryptocurrencies or funds were compromised in the incident. On December 26, 2025, Coinbase CEO Brian Armstrong announced the arrest of a former customer service agent in India for involvement in a significant data breach. The incident, with potential remediation costs of $400 million, highlighted security breaches involving alleged bribery, affecting Coinbase’s market perception and shares, as reported on X. Coinbase Faces Financial Impact with $400 Million Remediation The arrest of a former Coinbase service agent came after hackers bribed overseas staff to steal customer data in a May 2025 breach. Brian Armstrong confirmed this via , thanking Hyderabad Police for their assistance. This breach has drawn significant attention to internal security protocols. “We have zero tolerance for bad behavior and will continue to work with law enforcement to bring those responsible to justice,” said Brian Armstrong, CEO, Coinbase. “Thanks to the Hyderabad police in India, a former Coinbase customer service agent has just been arrested.” Global Collaboration in Crypto Security: Hyderabad Police’s Role Did you know? The Hyderabad Police’s arrest marks one of the critical international law enforcement actions in a cryptocurrency-related case, underlining the increasing global collaboration required to combat cybercrime effectively. As of December 27, 2025, Ethereum’s price stood at $2,923.81 with a market cap of $352.89 billion. The 24-hour trading volume saw a 59.84% decline, noting a minor price increase of 0.11% over 24 hours, according to CoinMarketCap. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 16:17 UTC on December 27, 2025. Source: CoinMarketCap Coincu research indicates that these breaches underscore the necessity for enhanced security measures. Future legal frameworks will likely address these vulnerabilities, pushing companies toward stricter compliance.…
Filed under: News - @ December 27, 2025 4:21 pm