Coinbase hacker taunts ZachXBT, swaps 42.5 million USD BTC to ETH

The hacker has publicly ridiculed ZachXBT, leaving a taunting message on the blockchain. After compromising customer service, the hacker demanded a ransom of 20 million USD, highlighting serious vulnerabilities within Coinbase’s security.

Coinbase has opted not to pay the ransom and instead posted a bounty for the capture of the hacker. The company estimates the total costs of the incident could reach over 400 million USD as investigations continue into the breach.

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