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Coinbase Tells Hackers to Pound Sand After $20M Ransom Demand Over Breached Data
Coinbase Tells Hackers to Pound Sand After $20M Ransom Demand Over Breached Data
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Another day, another crypto exchange hack—but this time, the attackers picked the wrong target. Coinbase just flipped the script by refusing to pay a $20 million ransom after hackers allegedly accessed customer data. Who says crypto firms don’t believe in ‘HODLing’ their principles?
Security breach? Check. Extortion attempt? Obviously. But here’s where it gets interesting: Coinbase’s CISO reportedly told the attackers to take a hike. Bold move for an industry where ‘rug pulls’ are practically a business model.
While Wall Street burns $50 million on a single Bloomberg Terminal subscription, Coinbase saves its war chest for… actual warfare. Maybe traditional finance could learn a thing or two about cost-cutting from these crypto cowboys.
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