Coinbase Arrests Indian Agent in Security Breach
Update: 2025-12-27
Description
Coinbase Secures Arrest in Security Breach Case; Outsourcing CriticizedCoinbase CEO Brian Armstrong announced a significant development in their security breach case, with a former Indian customer service agent arrested by the Hyderabad Police. The arrest follows a ransom demand of twenty million dollars after hackers stole sensitive customer data earlier this year. Coinbase estimates potential costs could reach four hundred million dollars. The company is collaborating with police across multiple countries to limit damage and track down more suspects. However, the outsourcing of support to India has drawn criticism, with some users urging hiring Americans for better security.
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