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Gadgets: Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack

Started by dave, May 16, 2025, 07:01:30 PM

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Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack

Coinbase has estimated that it could see expenses between $180 million (roughly Rs. 1,541 crore) - $400 million (roughly Rs. 3,426 crore) as it sets to manage the situation after a recent data breach incident. As part of the attack, cybercriminals managed to lure in funds from the exposed users under false claims and Coinbase plans to voluntarily reimburse the attacke...

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