DOJ Launches Criminal Probe Into Coinbase Breach Involving Bribed Employees
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DOJ Launches Criminal Probe Into Coinbase Breach Involving Bribed Employees
The U.S. Justice Department has reportedly initiated a criminal probe into a security incident at Coinbase Global Inc., the nation’s premier cryptocurrency exchange, as disclosed by a Bloomberg source with knowledge of the situation.
Intruders corrupted customer support staff and third-party contractors in India, gaining illicit access to sensitive user information. Following the breach, the perpetrators issued a $20 million extortion threat, vowing to conceal the compromised data. On May 11, Coinbase publicly acknowledged the event, revealing it had received the anonymous ransom demand via email. Paul Grewal, the company’s Chief Legal Officer, affirmed full collaboration with the Justice Department and international authorities. Though the DOJ remained silent, Coinbase expressed support for potential legal action against the culprits.
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Bitcoin’s Wild Ride: Bulls Charge Toward All-Time High as $27M in Bearish Bets Vanish
2 minutes ago
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Bitcoin’s Wild Ride: Bulls Charge Toward All-Time High as $27M in Bearish Bets Vanish
Bitcoin scaled an intraday peak of $105,680, climbing 2.5% versus the U.S. dollar, as traders reveled in its buoyant momentum. The digital asset now orbits near $105,385 per unit, weathering a modest 3.87% dip from its historic zenith of $109,356 achieved on Jan. 20, 2025. Current trading vigor reflects roughly $19 billion in BTC trade volume, with Binance dominating as today’s most active exchange. Analyzing recent volatility, Coinglass data reveals that over $27 million in bearish BTC short bets evaporated within a four-hour window, illuminating fleeting market dynamics. A standout casualty emerged on Binance: a single BTC/ USDT position worth $3.37 million was swiftly liquidated, marking the day’s most dramatic exit.
Bitcoin’s Wild Ride: Bulls Charge Toward All-Time High as $27M in Bearish Bets Vanish
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