Coinbase launches $20M bounty to catch perpetrators of data breach

By: bitcoin ethereum news|2025/05/15 20:15:05

Key Takeaways Coinbase offers a $20 million bounty for information leading to the arrest of data breach perpetrators. The data breach affected less than 1% of Coinbase users and no passwords or funds were compromised. Coinbase has launched a $20 million reward program to identify and bring to justice the perpetrators behind a recent data breach that involved bribed customer service agents and attempted extortion, the company said in a Thursday announcement. The crypto exchange disclosed that cybercriminals paid overseas customer support agents to extract sensitive customer data from internal systems. The breach affected less than 1% of Coinbase’s monthly transacting users but did not compromise passwords, private keys, or access to customer funds, Coinbase stated. Coinbase Prime accounts remain unaffected. The attackers attempted to use the stolen information, including names, contact details, masked SSNs and bank data, and account activity, to conduct social engineering scams impersonating Coinbase. After the breach, the perpetrators issued a $20 million ransom demand, which Coinbase firmly rejected. “We’re cooperating closely with law enforcement to pursue the harshest penalties possible and will not pay the $20 million ransom demand we received,” Coinbase said in the announcement. “Instead, we are establishing a $20 million reward fund for information leading to the arrest and conviction of the criminals responsible for this attack.” The company confirmed that any retail customers who were tricked into sending funds as a result of this incident would be reimbursed following an internal review. Affected users have already been notified. In response to the breach, Coinbase implemented several security measures, including opening a new US-based customer support hub, strengthening insider threat detection systems, adding mandatory scam-awareness prompts and ID checks for flagged accounts, and collaborating with law enforcement to trace stolen funds. “For these would-be extortionists or anyone seeking to harm Coinbase customers, know that we will prosecute you and bring you to justice. And now you have my answer,” said Coinbase CEO Brian Armstrong in a video statement. Source: https://cryptobriefing.com/coinbase-data-breach-bounty/

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins