Coinbase refused to pay the $20M ransom for data that included names, emails and partial Social Security numbers. However, the company will cover any losses incurred.

The exchange had earlier claimed that the data leak affected less than 1% of its users. As previously reported , Coinbase CEO Brian Armstrong informed his followers about the leak on X on May 15. The leaked information included customer names,

Coinbase said at least 69,461 customers had personal and financial information stolen during a months-long data breach that it disclosed last week. The crypto giant confirmed the number of affected customers in a filing with Maine’s attorney general on Wednesday,