Scammers demanded $20 million for customer data obtained by bribing insiders. Coinbase stock price tumbled Thursday following the incident.

Key Takeaways Coinbase Global shares fell Thursday morning after the crypto trading platform said it was the victim of a cyberattack.International contractors were likely paid to access certain customer and company data,

Coinbase reported in a Securities and Exchange filing Thursday the company received an email on May 11 from an “unknown threat actor” that claimed to have stolen sensitive information from less than 1% of its monthly users, including data related to “customer service and account management systems.”