CRIPTO Exchange Coinbase faces hit up to $ 400 million from Cyber ​​Attack

One of the world’s largest companies, Kointbase, says it will cost a recent cyber attack, it will cost up to $ 400 million (£ 301 million).

The company said that they contacted hackers who claimed that they approached access to customer information, obtained by paying contractors and employees in Kotak and employees.

In the blog of postCoinbase said that criminals gained access “less than 1% of their customer data, which then used to represent a solid company and deceive people to hand over their crypt.

The group then demanded $ 20 million from Kointbase that she was silent – but she refused to pay bribes and instead promised to return every person who was cheated.

The detection requested the price of the company’s shares to fall by 4.1%.

Cyber ​​Attack comes the days before the American company is set to join the Benchmark S & P 500 index – the landmark for the crypto industry.

It also reflects how, as it grows, the industry is becoming increasingly meta of cyber criminals.

The report from the research company Lanacanalize suggests that the funds were stolen from the crypto company amounted to $ 2.2 billion in 2024. years.

“Security remains a challenge for the crypto industry despite its growing main acceptance,” said Nick Jones, the founder of the CRIPTO company Zumo.

“As our nasal industry grows rapidly, it attracts the eyes of bad actors, who are becoming more sophisticated in the scope of their attacks.”

The company says that 11. Maya received an email from “unknown actor threats”.

“We will recover customers who are cheated in sending funds to the attacker,” it was said in his statement.

“We work closely with the implementation of the law to continue with the most difficult penalties and will not pay the cost of buying 20 million dollars we received.

“Instead, we establish a $ 20 million award for information that lead to arrest and condemnation of criminals responsible for this attack.”

At the submission with the US Securities and exchanges commissionHe estimated the costs between $ 180 million and $ 400 million.

It was said that this figure came from “rehabilitation and voluntary compensation of customers”, however, this figure could change as a result of “potential losses, claims of compensation and potential recovery.”

Members of the staff who shared information on clients with hackers.

Coins told its customers to expect further attempts to fraud in the future and advised them to be awake.

“Taverns will never look for your password, 2Fa codes or to transfer property to a specific or new address, account, vault or wallet,” said.

And he warned customers, they should lock their accounts if suspicious.

“For customers affected, we are sorry for the concern and inconvenience caused by this incident,” it said.

“We will continue to ask questions when setting up.”