Coinbase confirmed it is collaborating with the U.S. Department of Justice (DOJ) following a recent hack that compromised customer data. The hackers demanded $20 million in Bitcoin for the stolen information, leading Coinbase to offer a similar bounty for information leading to their capture. Chief Legal Officer Paul Grewal stated that the company is working closely with law enforcement agencies. The attackers sent Coinbase a letter detailing their ransom, prompting the investigation. Fortunately, Coinbase reported that no funds, passwords, or private keys were affected in the breach. The news of the hack came just as Coinbase's stock price surged after its inclusion in the S&P 500 and an analyst upgrade. The DOJ’s investigation is ongoing, as Coinbase seeks to apprehend those responsible for the cyberattack, which has raised concerns about the security of customer information in the crypto space.

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