Coinbase was recently affected by data breach, and the encryption company is now working with American law enforcement agencies to identify electronic criminals behind the attack. According to the Stock Exchange, the Stock Exchange claimed that its contractors and employees who were sprayed for the USerdata leakage were from India. The US Department of Justice has now joined the US Securities and Stock Exchange Committee (SEC) in the ongoing investigation. Coinbase explained that the exchange itself is not under the investigation, which focuses on finding Internet criminals involved in carrying out the attack.
Criminal department officials in the Ministry of Justice are searching for the violation that affected the encryption company, Bloomberg I mentioned Tuesday. According to Coinbase, employees in India have provided Internet criminals to access user data. International law enforcement agencies were also tightened in the investigation.
According to Coinbase, the employees I identified were launched as immediately involved in the case. The company has not yet revealed the credentials of these former employees in Coinbase.
In March, Coinbase announced its registration with the Financial Intelligence Unit (FIU), which established its operations in the country. This step was characterized by Coinbase’s return to India after stopping its services in the market in 2023, after the National Payments Company in India (NPCI) prevented Coinbase’s feature to allow Indian users to buy encryption assets using UPI services.
At that time, Exchang said that she would provide her Blockchain in India to enable developers to work on web3 solutions on this low -cost and safe platform for the second layer based on the ETHEREUM Mother Series.
The schedule of developments so far
On May 15, Coinbase and its CEO, Brian Armstrong, told the Exchange Community of this X. X. They said that cyber actors were able to obtain personal details about “less than one percent” of its users by bribing some customer support agents abroad. They added that the electronic actors were able to bear some of their users to raise money from them using social engineering attacks. The stock exchange plans to pay users voluntarily who have been deceived to make financial transactions for the attackers.
In the 8-K file with SEC, the stock exchange said that these treatment expenses may cost the company between $ 180 million (about 1541 rupees) and 400 million dollars (about 3,426 rupees).
While Coinbase claims that no special keys have been hacked for users, he admitted that data such as names, bank account numbers and government identifiers were stolen. The company did not reveal the number of users who were affected by the electronic strike.
Armstrong also said that the attackers requested a $ 20 million ransom (about 171 rupees) for stolen data, which was rejected by the encryption company. Instead, Armstrong announced a $ 20 million bonus fund for assistance in tracking officials.
Between May 15 and May 16, at least six lawsuits were filed against Coinbase in the United States. These legal deposits accuse the exchange of failure to train its employees adequately, and are not fast and detailed in sharing information related to the attack, and because they are inappropriate in dealing with antiquities. Coinbase has not yet responded to these lawsuits.
