Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack

Coinbase has estimated that it could see expenses between $180 million (roughly Rs. 1,541 crore) – $400 million (roughly Rs. 3,426 crore) as it sets to manage the situation after a recent data breach incident. As part of the attack, cybercriminals managed to lure in funds from the exposed users under false claims and Coinbase plans to voluntarily reimburse the attacked users.