The US Division of Justice is reportedly conducting a probe over Coinbase’s contracted customer support brokers in India, who accepted bribes in change for permitting criminals entry to person knowledge.
In response to a Might 19 Bloomberg report, DOJ investigators are wanting into the info breach, which Coinbase disclosed to the general public on Might 15. The change reported {that a} group of buyer assist contractors — subsequently fired — “abused their entry to […] methods to steal the account knowledge for a small subset of consumers.”
“We’ve got notified and are working with the DOJ and different US and worldwide regulation enforcement companies and welcome regulation enforcement’s pursuit of prison costs in opposition to these unhealthy actors,” mentioned Coinbase’s chief authorized officer, Paul Grewal, in keeping with Bloomberg.
The information breach resulted in social engineering assaults focusing on Coinbase customers, together with a Sequoia Capital accomplice, with losses estimated at as much as $400 million. The attackers additionally tried to extort $20 million from Coinbase in change for not disclosing the breach, which the corporate refused.
Cointelegraph reached out to Coinbase for remark however had not acquired a response on the time of publication.
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This can be a growing story, and additional data shall be added because it turns into accessible.
