A Crypto Heist: How a Simple Job Led to a Big Scam
IndiaMon Dec 29 2025
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A former employee of a big crypto company, Coinbase, has been caught in India. This person worked in customer service and is linked to a huge security problem that happened in May.
Hackers tricked or paid this employee to get secret customer details. They then asked for a huge amount of money, $20 million, to keep the information safe. The company, Coinbase, thought it might cost them up to $400 million to fix the mess.
This person's arrest is a big deal. It might help find out how the hackers did it and maybe even get back the stolen information. But it also shows that companies need to be more careful about who they hire and how they protect their customers' data.
This whole thing is a reminder that the crypto world is global. It's not just about one country. It's about people all over the world working together to stop these kinds of crimes.
Some people on social media are upset. They think the company made a mistake by hiring people from other countries for important jobs. They feel this broke the trust between the company and its customers.