Overview

• The U.S. Department of Justice has launched a criminal investigation into the perpetrators of a recent cyberattack on Coinbase, the largest U.S. cryptocurrency exchange.
• Hackers accessed limited customer data, including names, addresses, and emails, but did not compromise passwords, private keys, or user funds.
• Coinbase rejected a $20 million ransom demand from the attackers and instead offered the same amount as a bounty for information leading to their arrest.
• The company estimates financial repercussions from the breach, including remediation and reimbursements, to range between $180 million and $400 million.
• Coinbase has stated it is actively working with U.S. and international law enforcement agencies to pursue criminal charges against the attackers.