Coinbase Refuses $20M Ransom After Contractors Bribed to Leak Customer Data

Coinbase has revealed that a group of malicious contractors was bribed to extract customer data from its internal systems, leading to a $20 million ransom demand. Coinbase refused to pay the ransom. The contractors accessed sensitive customer data, resulting in a potential information leak. The incident highlights the risks associated with data security and the threat posed by malicious employees or contractors.