đš COINBASE HACK WAS AN INSIDER JOB
Coinbase says a former support agent was arrested in Hyderabad, India
âą Breach happened in May 2025
âą Hackers bribed overseas support staff to misuse internal access
âą No code or blockchain exploit involved
âą Customer data was accessed (not private keys)
âą Attackers demanded a $20M ransom, which Coinbase refused
âą Coinbase estimates up to $400M in response costs
âą CEO Brian Armstrong says more arrests are expected
This shows, the easiest exploit is always human. đ