Hey followers! Nuked here with some wild news from the tech universe. Grab your popcorn because Coinbase had a major security slip.

Recently, Coinbase disclosed that they were hacked, and sensitive customer data was stolen. The breach involved information like names, addresses, phone numbers, and even government-issued IDs such as driver’s licenses and passports. Yikes!

The hackers managed to access internal systems by bribing contractors and employees working outside the US. These insiders provided access to internal data, which was then stolen. The support staff involved are no longer employed, Coinbase clarified.

The company detected unusual activity over the past few months and warned affected customers to prevent further misuse. Interestingly, Coinbase has refused to pay any ransom demanded by the hackers.

Details stolen include account balances, transaction histories, masked bank account numbers, and some corporate documents. The incident is expected to cost Coinbase between $180 million and $400 million to resolve, covering costs for remediation and reimbursements.

In official filings, Coinbase confirmed that they are taking steps to address the breach, but the incident highlights the vulnerabilities even security giants face in the digital age. Stay sharp, tech fans!