Archive · 27 Dec 2025
Coinbase Arrests Former Agent in India
Coinbase, a big company that deals with cryptocurrency, said that a former employee was arrested in India.
This happened after hackers bribed some employees to get secret information about customers.
The hackers wanted $20 million, and Coinbase thinks it might cost them up to $400 million to fix the problem.
The company's stock price went down a little bit after this news.
The arrest is part of their work with the police to catch the people involved in the hack.
A former Coinbase customer service agent was arrested in India.
Hackers bribed employees to steal sensitive customer data.
The breach could cost Coinbase up to $400 million to remedy.
Coinbase is working with the Brooklyn District Attorney's Office on related charges.
Coinbase's stock fell 1.2% on Friday, down 4.6% for the year.
- Who
- A former customer service agent of Coinbase
- What
- Arrested in India for involvement in a hack
- When
- Months after the hack and recent work with Brooklyn DA
- Where
- India
- Why
- For allegedly being involved in a hack where customer data was stolen
- Company
- Coinbase Global Inc.
- CEO
- Brian Armstrong
- Location of Arrest
- India
- Estimated Cost of Breach
- $400 million
- Stock Price Drop
- 1.2% on Friday
- Year-to-Date Stock Performance
- Down 4.6%