Overview
- Coinbase credited Hyderabad Police for detaining an ex-support agent and said further arrests are possible as inquiries continue.
- Investigators say attackers bribed overseas contractors to access customer information before issuing a $20 million extortion demand.
- Coinbase reported no compromise of wallets, private keys or login credentials, though personal data was accessed.
- The exchange projects up to $400 million in investigation, remediation and customer reimbursement costs.
- The India action follows coordination with U.S. authorities, including Brooklyn prosecutors in a related impersonation case, as Coinbase shares slipped about 1.2% on the news.