India Arrests Former Coinbase Support Agent Over Data Breach: Armstrong [Yahoo! Finance]
TaskUs, Inc. - Class A (TASK)
Company Research
Source: Yahoo! Finance
Key Takeaways: A former Coinbase support agent was arrested in India over a data breach affecting nearly 70,000 users. Coinbase rejected a $20M ransom and incurred $307M in breach-related costs. The incident adds to mounting legal and security pressure on the exchange. “We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice,” Armstrong said in a post on X on Thursday. “Another one down and more still to come.” The breach, which Coinbase said began in December 2024, stemmed from a bribery scheme targeting offshore customer support staff. Cybercriminals allegedly paid customer service agents to access internal systems and extract sensitive user information, including names, addresses, phone numbers and government-issued identification. Coinbase disclosed in a filing with the Maine Attorney General's Office that 69,461 users were affected. The attackers later demanded a $20 million ransom, which Coinbase refu
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TASK
Earnings
- 11/7/25 - Beat
TASK
Sec Filings
- 12/17/25 - Form 4
- 12/15/25 - Form 144
- 12/1/25 - Form SC
- TASK's page on the SEC website