Coinbase Faces $20 Million Ransom Demand After Data Breach

by News Editor

May 16, 2025

In a shocking revelation, Coinbase reported a significant security breach this Thursday. Cybercriminals managed to bribe overseas support agents to gain access to sensitive customer data—a strategy employed to facilitate social engineering attacks.

According to a SEC filing, the attack could cost Coinbase up to $400 million in recovery and enhancements. The breach, discovered independently by Coinbase, triggered an immediate response from the crypto giant. Affected employees were terminated, and impacted customers were promptly notified, although passwords and financial assets were reportedly untouched.

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Coinbase decided to establish a $20 million reward fund for information leading to the perpetrators rather than succumbing to the ransom demands. This comes in the wake of major business strides, including an S&P 500 stock index entry and a strategic acquisition aimed at expanding its global footprint. Notably, Coinbase’s CEO, Brian Armstrong, reaffirmed ambitions to elevate the platform to become the top financial services app worldwide in the next decade.

As digital security remains crucial, awareness of similar endeavours like cyprus campaign to attract diaspora talent stresses an increasing need for reliable platforms. As the situation unfolds, both investors and customers remain vigilant, underscoring the importance of security in the growing crypto landscape.

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European Central Bank Report Highlights Stable Inflation and Economic Outlook

by THEFUTURE.TEAM

October 29, 2025

Overview Of Inflation Trends

The latest European Central Bank survey shows a slight decline in median inflation expectations over the next 12 months, decreasing from 2.8% in August to 2.7% in September. Despite this minor adjustment, consumer perceptions of past 12-month inflation have held steady at 3.1% for the eighth consecutive month. Long-term projections for three- and five-year inflation remain stable at 2.5% and 2.2% respectively.

Consumer Expectations Drive Income And Spending Projections

Across the board, expectations for nominal income growth over the upcoming year have remained consistent at 1.1%. However, there is a noticeable shift in spending behavior: while perceived nominal spending growth for the past year slipped slightly to 4.9% from 5.0%, expectations for spending growth over the next 12 months rose to 3.5%. Notably, lower income groups continue to forecast marginally higher spending increases compared to their higher income counterparts.

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Stability In Economic And Labour Market Outlook

Economic growth expectations are modestly pessimistic, with respondents forecasting a contraction of -1.2% over the next 12 months. Concurrently, anticipated unemployment levels remain unchanged at 10.7% a year ahead, though the outlook varies by income, with lower income households expecting unemployment rates as high as 12.7%, while higher income groups maintain expectations around 9.4%. Overall, the slight difference between current and future unemployment suggests a broadly stable labor market outlook.

Housing Market And Credit Conditions

The survey also reveals an upswing in expectations related to the housing market. Home price growth expectations have edged higher to 3.5%, and anticipated mortgage interest rates have risen modestly to 4.6%. Similar to other metrics, expectations vary by income, with lower income households expecting higher mortgage rates. In recent months, a marginal decline in reported credit tightening over the past 12 months contrasts with a renewed forecast of tighter credit conditions in the forthcoming year.

Conclusion

The ECB’s latest findings underscore the delicate balance between stable long-term economic forecasts and short-term adjustments in consumer expectations. The slight dips in inflation expectations, alongside stable perceptions of past inflation, delineate a marketplace that is both cautious and measured. As income, spending, and housing market metrics continue to evolve, these indicators provide critical insights for policymakers and investors navigating an increasingly complex economic landscape.

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