America's Social Casino

CoinDesk 2025-05-15 19:37:05

‘Really Great Example’: Coinbase Praised for Hack Response Amid $400M Crisis

‘Really Great Example’: Coinbase Praised for Hack Response Amid $400M Crisis

The global head of policy at TRM Labs, a blockchain analytics firm that helps law enforcement investigate crypto fraud, shared that he believes Coinbase’s handling of the latest hack is a “really great example to other businesses in terms of how to handle” dealing with hacks of exchanges. At a panel at Consensus 2025, Ari Redbord discussed how easy it is for hacks to happen on crypto exchanges, as the industry is “the perfect storm of weak cyber controls and ultimately it's a good target.” Coinbase shared earlier on Thursday that some of its staff had been bribed to steal their customers' data, and its founder Brian Armstrong had received a ransome note for $20 million dollars in bitcoin. The team shared in a blog post that because of the breach, it could pay up to $400 million in remediation costs to affected customers, and that they were setting up a $20 million bounty on any information related to the attackers instead. The news comes as the industry has experienced other major hacks, like Bybit which was hacked earlier this year for $1.5 billion, and defunct crypto exchange FTX in November 2022 for $400 million. Though these episodes seem to happen frequently, Redbord believes more regulatory involvement can alleviate some of these issues. “There's a lot we can do with governments in order to go after these bad actors that have nothing to do with crypto or blockchain intelligence,” he said. “We have cyber facilities.” Read more: Coinbase Could Pay Customers Up to $400M for Data Breach

가장 많이 읽은 뉴스

Vladimir Smerkis’s arrest is reportedly linke...
2025-05-19
Vitalik Buterin Reveals Pivotal Ethereum Plan
2025-05-19
Ripple Expands in UAE With Two New Payment Pa...
2025-05-19
Bitcoin May Retest $91,000 Amid Bearish Diver...
2025-05-19
HTX Weekly: 18 May. 2025
2025-05-19
Major Crypto Firms Spending Millions on Perso...
2025-05-19
Ripple expands UAE presence with the integrat...
2025-05-19
Get Your BTC Before There’s None Left: Michae...
2025-05-19

관련뉴스

Bitcoin Juggling Between Pivotal Levels-Here’s Wha...
19 May 2025
Coinbase sued in Illinois over biometric data prac...
19 May 2025
Apple KYC glitch on Bybit draws swift executive re...
19 May 2025
Japan’s 40-year bond yield hits 20-year high. The...
19 May 2025
ETH Surges as Investors Anticipate Bullish Rally
19 May 2025
Ripple will unlock 1 billion XRP on June 1, 2025 –...
19 May 2025

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.