Hackers are demanding a ransom of the same amount: According to the filing, the email communication by the threat actor demanded $20 million in exchange for not publicly disclosing the information. It remains to be seen how threat actors respond to Coinbase refusing to pay the ransom.”Coinbase’s decision to publicly counter-extort with a $20 million bounty is an interesting reversal of the usual playbook, transforming breach response into what could turn into a global manhunt,” said Jason Soroko, senior fellow at Sectigo. “This move shifts the narrative from victimhood to proactive offense, weaponizing transparency and financial incentive against cybercriminals.” Coinbase said while it has not faced major operational disruptions from the incident so far, it estimates potential costs between $180 million and $400 million for remediation and customer reimbursements, with the final impact still under review and subject to change.
First seen on csoonline.com
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