Coinbase Experiences Data Breach: Criminals Ask for Money as Customer Safety is at Risk.

Coinbase is a big company for buying and selling crypto. They said some bad people stole customer info. The bad people want money to keep the info secret. Brian Armstrong, who is in charge of Coinbase, said some workers helped the bad people. These workers gave away things like names and birthdays.

The bad people can use this info to trick customers. They can pretend to be Coinbase and steal money. This trick is called social engineering. Many companies have been tricked like this because people can make mistakes. Coinbase did not say how many customers were affected.

Coinbase said they will give money back to anyone who lost money. The company's stock went down a little because of this news. But the stock is still doing well this month. Coinbase thinks it will cost a lot of money to fix this problem. They will spend money to help customers and make things better.

Coinbase said they found some workers looking at info they should not have. Those workers were fired, and Coinbase is trying to stop fraud. The bad people sent an email asking for 20 million dollars in bitcoin. They said they would release the stolen info if they did not get the money.

Coinbase will not pay the money. Instead, they will give 20 million dollars to anyone who helps catch the bad people. Armstrong said they will catch the bad people and punish them. He said they will not give in to the bad people's demands.