Coinbase Data Breach Exposes Customers—Offers $20M ’Oops’ Bounty to Hackers

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2025-05-15 11:28:39

Coinbase Says Criminals Stole Customer Data, Offers $20M Bug Bounty

Another day, another crypto exchange with a ’trust us’ problem. Coinbase admits criminals siphoned customer data—because apparently even billion-dollar platforms still run on duct tape and hope.

Security theater at its finest: The exchange now dangles a $20M bug bounty like a piñata for ethical hackers. Because nothing says ’we take security seriously’ like crowdsourcing your cybersecurity after the fact.

Wall Street’s finest are surely clutching their pearls (and short positions) at this masterclass in operational excellence. Meanwhile, retail traders get the classic crypto trifecta: stolen data, empty promises, and the privilege of holding the bag.

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