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Coinbase Foils Extortion Attempt Against Its Crypto Exchange, Reinforces Bug Bounty Program

“This is an absolutely baseless extortion attempt. The individual is falsifying information to come across as legitimate, and they’re just trying to extort money out of companies. I’m sure we’re not the first company on their list or the only scam they have running,” Jeff Lunglhofer, chief information security officer at Coinbase, told CoinDesk in an interview.

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