Coinbase CEO announces first arrest in India over insider data breach: 'More still to come'

“We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice. Another one down and more still to come."

Indian agency arrested a former Coinbase customer service agent tied to the insider breach disclosed last May, CEO Brian Armstrong announced.

Hackers had bribed offshore support staff to steal data from over 69,000 users; Coinbase has reported $307 million in breach costs.

The arrest is the first linked to the breach and follows Coinbase’s $20 million bounty program.