America’s biggest crypto exchange, Coinbase, confirmed it’s teaming up with law enforcement after a bold cyberattack led to stolen customer data. The hackers? They demanded a cool $20 million in Bitcoin in exchange for returning it.

But instead of giving in, Coinbase CEO Brian Armstrong fired back, with a $20 million bounty for anyone who can help catch the culprits. “Put up or shut up,” crypto-style.

Coinbase’s Chief Legal Officer, Paul Grewal, said the company is working closely with the Department of Justice and other global authorities to hunt down the bad actors. No funds, passwords, or private keys were compromised, so breathe easy, your coins are safe.

Coinbase Stock Surges While Criminals Scramble

While hackers were busy drafting ransom notes, Coinbase was climbing the charts. The exchange was officially added to the S&P 500 on Monday, triggering a 14% surge in stock price over five trading days. As of Monday, COIN shares were trading at $264, even with a minor 1% dip on the day.

Based in San Francisco, Coinbase went public in 2021 and has since become a crypto heavyweight. It allows users to buy, sell, and bet on the price of digital assets, and now, it’s showing the world it won’t be bullied by digital extortionists.

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