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Teen Hackers Breach Coinbase, Compromise 69,461 Accounts

6/3/2025

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Summary

Story summary

Teenage hackers orchestrated a daring scheme, bribing customer support in India to infiltrate Coinbase's systems, compromising the data of 69,461 customers. With losses projected between $180 and $400 million, Coinbase stands firm against a $20 million ransom, actively collaborating with investigators and offering a reward for tips on the culprits.

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Story summary

Teenage hackers orchestrated a daring scheme, bribing customer support in India to infiltrate Coinbase's systems, compromising the data of 69,461 customers. With losses projected between $180 and $400 million, Coinbase stands firm against a $20 million ransom, actively collaborating with investigators and offering a reward for tips on the culprits.