The U.S. Justice Department has reportedly initiated a criminal probe into a security incident at Coinbase Global Inc., the nation’s premier cryptocurrency exchange, as disclosed by a Bloomberg source with knowledge of the situation.
DOJ Launches Criminal Probe Into Coinbase Breach Involving Bribed Employees
This article was published more than a year ago. Some information may no longer be current.
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Intruders corrupted customer support staff and third-party contractors in India, gaining illicit access to sensitive user information. Following the breach, the perpetrators issued a $20 million extortion threat, vowing to conceal the compromised data. On May 11, Coinbase publicly acknowledged the event, revealing it had received the anonymous ransom demand via email. Paul Grewal, the company’s Chief Legal Officer, affirmed full collaboration with the Justice Department and international authorities. Though the DOJ remained silent, Coinbase expressed support for potential legal action against the culprits.
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
