Cyber Security Headlines Coinbase hackers bribe staff, Windows 11 hacked at Pwn2Own, Telegram purges black market group
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May 16, 2025 Hackers were caught bribing Coinbase staff to steal customer data, demanding a $20 million ransom. Meanwhile, Pwn2Own saw Windows 11 and Red Hat Linux get hacked on their first day, exposing vulnerabilities. In a significant crackdown, Telegram purged the largest black market group on the Internet. The discussions also include advancements in AI encryption and new strategies for mitigating cyber attacks, highlighting the ever-evolving landscape of cybersecurity.
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Coinbase Hack via Staff Bribery
- Hackers bribed overseas Coinbase support staff to steal sensitive customer data without accessing passwords or funds.
- Coinbase rejected a $20 million ransom demand and expects up to $40 million in internal breach resolution costs.
Pwn2Own Zero-Day Exploits
- Security researchers quickly exploited zero-days in Windows 11 and Red Hat Linux on Pwn2Own competition's first day.
- They earned $260,000 and vendors have 90 days to patch these critical flaws.
Telegram Cracks Down on Black Market
- Telegram shut down Hau Wang Guarantee for facilitating over $27 billion in illicit crypto and black market activity.
- The platform acted following blockchain analytics reports linking Telegram-based markets to massive illegal transactions.