Indian police have arrested a former Coinbase customer support employee in connection with a large-scale data theft.
The arrest followed a months-long investigation into a breach that exposed sensitive user information.
Authorities said the suspect operated as part of a wider criminal network targeting Coinbase systems.
Investigators believe the infiltration began in December 2024 through compromised offshore support operations.
The former employee allegedly accessed and transferred customer data to external cybercriminals.
Exposed information included customer names, addresses and identity verification documents.
Coinbase confirmed that 69,461 user accounts were affected by the breach.
The company said no cryptocurrency funds were stolen directly from customer wallets.
Cybercriminals demanded a $20 million ransom to prevent public disclosure of the data.
Coinbase refused to pay the ransom and instead escalated the matter to law enforcement.
The exchange announced a $20 million bounty to help identify all individuals involved.