According to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong stated that a former Coinbase customer service contractor has been arrested in India in connection with a hacking incident. In May, Coinbase disclosed that hackers obtained sensitive customer information by bribing contractors or employees outside the United States and demanded a $20 million ransom. This incident was considered one of the most serious security breaches in the cryptocurrency exchange industry, and the company at the time estimated that the related remediation costs could reach up to $400 million. A Coinbase spokesperson confirmed the arrest in India, stating that this development is related to the company's recent cooperation with the Brooklyn District Attorney's Office, which has charged a Brooklyn man suspected of impersonating Coinbase for a long period of fraud.
Coinbase: Former customer service representative arrested in India in connection with May customer data breach.
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