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Coinbase Flips the Script: $20M Bounty Offered After Ransom Demand
Coinbase Flips the Script: $20M Bounty Offered After Ransom Demand
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When hackers came knocking, Coinbase didn’t blink—they weaponized their bug bounty program instead. The crypto exchange just turned extortion into crowd-sourced security.
The ultimate power move: By refusing to negotiate and amplifying their white-hat rewards, Coinbase just wrote the playbook for handling ransom demands. Who needs insurance when you’ve got ethical hackers on payroll?
Wall Street take note: While traditional finance wastes millions on ’cybersecurity consultants’ who still get phished by PDFs, crypto’s playing 4D chess with its attackers. The bounty’s now live—payable in whatever currency you prefer (even that memecoin you’re embarrassed to hold).
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