Coinbase CEO Announces India Arrest in May 2025 Breach; Remediation Up to $400M

Brian Armstrong announced an arrest in India involving a former customer service agent tied to Coinbase’s May 2025 breach. Coinbase set aside up to $400 million for remediation, including a $20 million customer reward fund and a new U.S. support hub, and said less than 1% of customers were affected without password or private key compromise. Shares slipped 1.2% to $236.79.