On May 15, 2025, Coinbase, the world’s third-largest cryptocurrency exchange, revealed it was targeted in a $20 million extortion attempt. Cybercriminals bribed overseas support agents to leak user data, accessing internal systems and stealing limited account information. Coinbase disclosed remediation costs could range from $180M to $400M, including voluntary customer reimbursements for phishing scam victims. The incident was reported in an SEC filing, highlighting ongoing security challenges in the crypto industry.