Coinbase Partners with Irdeto to Fight Crypto-Fueled Cybercrime

San Francisco, CA — June 1, 2025 — Coinbase, one of the world’s largest cryptocurrency exchanges, announced a strategic partnership with cybersecurity firm Irdeto to combat the rising threat of crypto-fueled cybercrime. The collaboration aims to enhance blockchain intelligence and strengthen protections against illicit financial activity in the digital asset space.

Coinbase Partners with Irdeto

The move comes amid growing regulatory pressure and public concern over the role of cryptocurrencies in enabling ransomware attacks, fraud, and other cybercrimes. By integrating Irdeto’s advanced cybersecurity solutions with Coinbase’s global exchange infrastructure, the two companies plan to create a more secure digital ecosystem for users and institutions alike.

“Cybersecurity is the foundation of trust in the crypto economy,” said Paul Grewal, Chief Legal Officer at Coinbase. “By working with Irdeto, we’re adding another layer of defense to ensure that bad actors cannot exploit our platform or the broader blockchain industry.”

Irdeto, a Netherlands-based cybersecurity firm with a long history in digital rights management and anti-piracy, has expanded its offerings in recent years to include blockchain forensics, threat intelligence, and secure transaction monitoring.

The partnership will focus on three core areas:

1. Real-Time Threat Detection – Irdeto will provide Coinbase with tools to identify suspicious wallet addresses and transaction patterns linked to known cybercriminal networks.

2. Enhanced KYC/AML Compliance – The collaboration will improve Coinbase’s ability to meet global anti-money laundering (AML) and know-your-customer (KYC) requirements, a key concern for regulators in the U.S., EU, and beyond.

3. Collaboration with Law Enforcement – Both companies will coordinate with law enforcement agencies to trace and disrupt illicit financial flows, especially those tied to ransomware syndicates and darknet marketplaces.

“Crypto is the future of finance, but it must be protected,” said Doug Lowther, CEO of Irdeto. “Together with Coinbase, we’re taking a proactive approach to tackle the misuse of blockchain technology and help legitimate innovation thrive.”

The announcement marks another step in the crypto industry’s effort to shed its reputation as a haven for anonymous crime. It also reflects a broader industry trend of exchanges investing heavily in compliance, security, and public-private partnerships.

While Coinbase has faced scrutiny in recent years over its regulatory practices and user protections, the company has consistently emphasized its commitment to a safe and transparent crypto market. This partnership with Irdeto signals a broader push to align crypto innovation with mainstream financial standards.

As digital assets become more integrated into the global financial system, industry leaders say partnerships like this are critical.