According to COO from Coinbase, the corporate is not going to pay a hacker soldering allowance

Brian Armstrong, CEO from Coinbase, said in A Social Media Post Thursday that a ransom note has arrived by e -mail to Bitcoin after 20 million US dollars so as to not publish any information that Hackers had received from Coinbase customers.

“I will answer publicly,” said Armstrong. “We will not pay a ransom.”

https://t.co/evpibmfvrw pic.twitter.com/f6updkl5R0

– Brian Armstrong (@brian_armstrong) May 15, 2025

According to Armstrong, attackers outside the United States found a “weak link” scout day and the day, which accepted “bribe” and gave away personal data to the purchasers.

In an organization Blog postCoinbase said that it could be reimbursed to send the attacker donations. Hackers got access to names, addresses, telephone numbers and e -mails. Masked social security numbers (only 4 digits); Masked Bank account numbers; and state pictures (driver licenses, passports). No passwords or private keys were received, based on the corporate. The e -mail arrived on Sunday.

Related: Do you’re thinking that you possibly can hack yourself in Apple Intelligence server? Apple pays as much as 1 million US dollars for those who can.

“(The stolen data) enables you to carry out social engineering attacks where you can call our customers who pretend to be a coinbase customer support and try to send them to the attackers,” said Armstrong.

By APCoinbase estimated in A submission With the SEC that it could spend between 180 million and 400 million US dollars by way of renovation and voluntary customer refunds in relation to this incident.

The Coinbase share decreased by 7% on Thursday after the news. Per Yahoo.

Related: Over 10 billion passwords were revealed within the history of the history