Brian Armstrong Commends Indian Police for Arresting Ex-Agent in Hack

Coinbase CEO Brian Armstrong praises Indian police after arrest of ex-employee linked to a $400M hack, stressing security commitment.

Coinbase CEO Brian Armstrong has praised the Indian police for arresting a former employee linked to the $400 million hack.

The arrest follows a breach earlier this year that compromised sensitive customer data. Armstrong acknowledged the Hyderabad police’s role in the investigation and emphasized the company’s commitment to security.

Arrest of Former Employee in the Coinbase Hack

Brian Armstrong publicly thanked the Hyderabad police for their swift action in arresting the ex-Coinbase agent involved in the hack.

Armstrong expressed his appreciation, noting that the arrest marks an important step in the ongoing investigation. He further emphasized that Coinbase will continue working with law enforcement to hold all wrongdoers accountable.

The breach, which took place earlier in 2025, saw hackers accessing personal data such as names, addresses, and email addresses.

However, Coinbase assured its customers that sensitive details like passwords were not compromised during the attack. The hackers, who had bribed employees, later demanded a $20 million ransom, which Coinbase refused to pay.

Instead of giving in to the ransom demand, Coinbase offered a reward for information that could lead to attackers identification. This move reflects the company’s commitment to resolving the situation without compromising its security practices.

Ongoing Global Efforts to Resolve the Case

The investigation into the breach has involved multiple law enforcement agencies around the world. Crypto scams are not anonymous. Coinbase is dedicated to collaborating with law enforcement to track funds, assist victims, and ensure accountability.

We are proud to have supported the Brooklyn DA in securing justice for a long-running impersonation scam.This international collaboration aims to track down all individuals involved and prevent similar incidents.

The arrest of the ex-agent is seen as a significant development, but Coinbase continues to investigate other potential culprits.

Armstrong stressed that the company’s cooperation with police will not end with this arrest. He emphasized that more arrests could be coming as the investigation unfolds.

While the investigation continues, Coinbase remains committed to ensuring that its platform is secure for users. Armstrong’s public acknowledgment of the Hyderabad police’s efforts highlights the importance of global teamwork in tackling cybercrime.

Related Reading: CZ Comments on Trust Wallet Hack Loss of $7M, Vows to Support Users

Coinbase’s Security Response and Legal Actions

Coinbase has been proactive in addressing both security and regulatory challenges in the aftermath of the breach. The company’s chief security officer, Philip Martin, confirmed that Coinbase had suspected illegal activity as early as January 2025.

The breach was discovered in May, leading to further investigation into the attack. The company has taken significant steps to improve its internal security practices and prevent future breaches.

Along with law enforcement efforts, Coinbase is actively addressing regulatory concerns in various regions, including the United States. This includes ongoing legal action against several U.S. states over their handling of prediction market regulations.

These efforts reflect Coinbase’s broader strategy to maintain trust with its customers and protect its operations.

Armstrong has made it clear that Coinbase is committed to learning from this breach and improving its security measures. The company’s response aims to safeguard its users from similar incidents moving forward.

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