Close Menu
journearn.comjournearn.com
  • Home
  • Apps
  • Business
  • Make Money Online
  • Money Saving
  • Finance
  • Food
  • Investment
  • Travel
Facebook X (Twitter) Instagram
journearn.comjournearn.com
Facebook Instagram Pinterest Vimeo
  • Home
  • Apps

    11 Ways Modern Brokers Use Real Estate Apps — Buildfire

    July 26, 2025

    How much Does it cost to build a Software In Germany?

    July 25, 2025

    The 5 Best Puzzle Shooter Games

    July 24, 2025

    10 Best Magento Mobile App Builders to Boost Sales in 2025

    July 23, 2025

    Adobe Firefly Provides Another Way to Create AI Videos, Images on Your iPhone

    July 22, 2025
  • Business

    Jaguars’ Hines-Allen Announces Son’s Recovery from Leukemia

    July 27, 2025

    Step Away From Subscriptions and Access Windows 11 Pro and Microsoft Office Pro 2019 for $46

    July 26, 2025

    UGC is Reshaping B2B Buyer Behavior

    July 25, 2025

    How to Build a Personal Brand That Actually Drives Business Results [+ Video]

    July 25, 2025

    Remember CryptoPunks? This Public Company Just Traded $5.15 Million Worth Of Stock For A JPEG – GameSquare Holdings (NASDAQ:GAME)

    July 24, 2025
  • Make Money Online

    What is a Certificate of Insurance, and Why Does Your Business Need One?

    July 27, 2025

    The 10 Best-Paying Construction Jobs in America

    July 26, 2025

    Weird ways to make money: sell your knickers

    July 25, 2025

    The Mindset Shift That Might Actually Save Your Wallet

    July 24, 2025

    Episode 218. “Our childcare costs are about to quadruple. Are we screwed?” (Part 2)

    July 23, 2025
  • Money Saving

    The MoneySense guide to debt management: How to get out of debt

    July 26, 2025

    16 Small Steps You Can Take Now to Improve Your Finances

    July 25, 2025

    Get your teen to order! Nando’s is giving kids 20% off this summer

    July 24, 2025

    Reader Case Study: Plasterer and Social Worker in Manitoba Plan for a Baby

    July 23, 2025

    WIN! Positivity pouch and goodies from Beauty In The Brain

    July 22, 2025
  • Finance

    The Cost To Remodel A Rundown Two-Bedroom In-Law Unit

    July 26, 2025

    14 Best Places To Sell Art To Make Money

    July 25, 2025

    8 Best Online Bookkeeping Services in 2025

    July 24, 2025

    Canada's personal tax rates need to come down. Here's how to do it

    July 23, 2025

    The Richest People Are Not Index Fund Fanatics – Why Are You?

    July 20, 2025
  • Food

    Cookies & Cream Oreo Cupcakes

    July 27, 2025

    Best Blueberry Crumble Recipe – Crunchy Creamy Sweet

    July 26, 2025

    Smothered Rissoles – RecipeTin Eats

    July 25, 2025

    This Hearty, Peak-Summer Panzanella Is So Much More Than a Meal to Me

    July 24, 2025

    We Found the 8 Best Deals From the Nordstrom Anniversary Sale

    July 23, 2025
  • Investment

    Private Markets, Public Promise: Africa’s Investment Inflection Point

    July 26, 2025

    This Company Saved $500 Million By Replacing Call Centers with AI

    July 25, 2025

    xU3O8 Token Launches on Major Global Trading Venues: KuCoin, MEXC and Gate.com

    July 24, 2025

    How I Stopped Wasting Hours Hunting For Real Estate Leads

    July 22, 2025

    How the Trajectory of Asset Prices Can Predict FX Movements

    July 21, 2025
  • Travel

    55+ Date Ideas that Start with B Activities » Alphabetical Date Ideas

    July 26, 2025

    10 Very Best Things to Do in Nuuk, Greenland: A Guide to the World’s Coolest Capital – Hand Luggage Only

    July 26, 2025

    How to Spend 2 days in Vancouver, Canada

    July 25, 2025

    Why Are Flights So Expensive in 2025? Let’s Break It Down

    July 24, 2025

    Uber’s New Feature in the U.S. Makes Ride-sharing Safer for Women

    July 23, 2025
journearn.comjournearn.com
Home»Business»Coinbase CEO Says Company Won’t Pay Hackers’ Ransom
Business

Coinbase CEO Says Company Won’t Pay Hackers’ Ransom

info@journearn.comBy info@journearn.comMay 15, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
Coinbase CEO Says Company Won’t Pay Hackers’ Ransom
Share
Facebook Twitter LinkedIn Pinterest Email


Coinbase CEO Brian Armstrong said in a social media post Thursday that a ransom note arrived via email asking for $20 million in Bitcoin in exchange for not releasing information hackers had obtained on Coinbase’s customers.

“I’m going to respond publicly,” Armstrong said. “We are not going to pay ransom.”

pic.twitter.com/f6UPdkL5R0

— Brian Armstrong (@brian_armstrong) May 15, 2025

Armstrong said attackers had found a “weak link” customer service agent outside the U.S. who accepted a “bribe” and gave away personal data on customers.

In a company blog post, Coinbase said it will reimburse customers tricked into sending funds to the attacker. Hackers received access to names, addresses, phone numbers, and emails; masked Social Security numbers (last four digits only); masked bank‑account numbers; and government‑ID images (driver’s licenses, passports). No passwords or private keys were obtained, the company says. The email arrived on Sunday.

Related: Think You Can Hack Into Apple Intelligence Servers? Apple Is Paying Up to $1 Million If You Can.

“(The stolen data) allows them to conduct social engineering attacks where they can call our customers impersonating Coinbase customer support and try to trick them into sending their funds to the attackers,” Armstrong said.

Per the AP, Coinbase estimated in a filing with the SEC that it could end up spending anywhere between $180 million and $400 million “relating to remediation costs and voluntary customer reimbursements relating to this incident.”

Meanwhile, the New York Times reports that the SEC is separately investigating Coinbase over whether or not it reported inaccurate numbers during its IPO in 2021. The company claimed to have more than 100 million “verified users” in marketing materials.

Coinbase’s stock dropped 7% on Thursday after the news, per Yahoo.

Related: Over 10 Billion Passwords Have Been Exposed in the Largest Password Hack in History

Coinbase CEO Brian Armstrong said in a social media post Thursday that a ransom note arrived via email asking for $20 million in Bitcoin in exchange for not releasing information hackers had obtained on Coinbase’s customers.

“I’m going to respond publicly,” Armstrong said. “We are not going to pay ransom.”

pic.twitter.com/f6UPdkL5R0

— Brian Armstrong (@brian_armstrong) May 15, 2025

The rest of this article is locked.

Join Entrepreneur+ today for access.





Source link

Business News News and Trends
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
info
info@journearn.com
  • Website

Related Posts

Jaguars’ Hines-Allen Announces Son’s Recovery from Leukemia

July 27, 2025

Step Away From Subscriptions and Access Windows 11 Pro and Microsoft Office Pro 2019 for $46

July 26, 2025

UGC is Reshaping B2B Buyer Behavior

July 25, 2025

How to Build a Personal Brand That Actually Drives Business Results [+ Video]

July 25, 2025

Remember CryptoPunks? This Public Company Just Traded $5.15 Million Worth Of Stock For A JPEG – GameSquare Holdings (NASDAQ:GAME)

July 24, 2025

A Unified Platform for Entrepreneurs Everywhere

July 23, 2025
Add A Comment
Leave A Reply Cancel Reply

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Don't Miss

Jaguars’ Hines-Allen Announces Son’s Recovery from Leukemia

What is a Certificate of Insurance, and Why Does Your Business Need One?

Cookies & Cream Oreo Cupcakes

Step Away From Subscriptions and Access Windows 11 Pro and Microsoft Office Pro 2019 for $46

About Us

Welcome to Journearn.com – your trusted guide on the journey to earning smarter, saving better, and building a more financially secure future. At Journearn, we believe that financial knowledge should be accessible to everyone.

Quicklinks
  • Business
  • Food
  • Make Money Online
  • Money Saving
  • Travel
Useful Links
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
Popular Posts

Jaguars’ Hines-Allen Announces Son’s Recovery from Leukemia

July 27, 2025

What is a Certificate of Insurance, and Why Does Your Business Need One?

July 27, 2025
© 2025 Designed by journearn.All Right Reserved

Type above and press Enter to search. Press Esc to cancel.