Coinbase CEO Brian Armstrong has announced that a former customer service agent has been arrested in India in connection with a major security breach of the crypto trading platform that occurred in May.

Bloomberg reports that Coinbase CEO Brian Armstrong has revealed that a former customer service agent for the US-based crypto exchange has been arrested in India. The arrest comes months after hackers successfully bribed Coinbase contractors or employees outside the United States to gain unauthorized access to sensitive customer information, a nightmare scenario for American companies that outsource operations to third world countries like…

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