Coinbase Offers $20M Bounty After Spurned Extortion Attempt, Vows to Reimburse Victims of Bribe-Driven Data Breach

Coinbase suffered a data breach after overseas support contractors were bribed, compromising sensitive customer data but not funds or passwords. Refusing a $20 million ransom, Coinbase instead offered an equal bounty for information on the attackers. The breach could cost up to $400 million; affected customers will be reimbursed.