[Former Coinbase Customer Service Employee Arrested in India Over Customer Data Breach Case] Coinbase Global Inc. CEO Brian Armstrong stated that a former customer service employee was arrested in India for involvement in the customer data breach incident that occurred in May this year. In this incident, hackers obtained sensitive customer information by bribing contractors or employees outside the United States and demanded a $20 million ransom. Coinbase had previously estimated that the remediation costs for this security breach could reach as high as $400 million.