Summary: Coinbase, the leading publicly traded crypto exchange, disclosed a $519 million hack involving bribed customer representatives who stole client data. The hackers, who had near-constant access to sensitive information since January, demanded a $20 million ransom but Coinbase opted to offer a bounty for their arrest. The incident, coupled with an ongoing SEC investigation into user number reporting, sent Coinbase’s shares down over 7% and raised concerns about personal security among traders.

Link: https://www.straitstimes.com/business/companies-markets/coinbase-warns-of-up-to-519-million-hack-rocking-company-that-led-crypto-into-mainstream