Quotes
This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public,
Coinbase's chief legal officer Paul Grewal said in a statement shared with CNBC
While we strongly believe this investigation should not continue, we remain committed to working with the S.E.C. to bring this matter to a close,
Mr. Grewal said
For these would-be extortionists or anyone seeking to harm Coinbase customers, know that we will prosecute you and bring you to justice,
Armstrong said
To the customers affected, we’re sorry for the worry and inconvenience this incident caused,
it said(The ... The stolen data) allows them to conduct social engineering attacks where they can call our customers impersonating Coinbase customer support and try to trick them into sending their funds to the attackers,
Armstrong said
We're cooperating closely with law enforcement to pursue the harshest penalties possible and will not pay the $20 million ransom demand we received,
the company said in the blogCyber criminals bribed and recruited a group of rogue overseas support agents to steal Coinbase customer data to facilitate social engineering attacks,
the company said in a blog postWe will reimburse customers who were tricked into sending funds to the attacker,
Coinbase said