Crypto exchange Coinbase has said that it prevented little over 1,100 customers from sending bitcoin to Twitter hackers who hijacked high-profile accounts to advertise a bitcoin scam last week.
If Coinbase didn't take the step, these customers would have collectively sent 30.4 bitcoin (currently worth about $278,000) to hackers, the exchange's chief information security officer, Philip Martin, told Forbes. Notably, this amount is more than twice the actual amount ($121,000) that hackers collected via victims.
https://www.theblockcrypto.com/post/72200/coinbase-says-it-prevented-over-1000-customers-from-sending-280000-worth-of-bitcoin-to-twitter-hackers---
Excellent operational work. If all exchanges had taken such measures in time, the hackers would probably have received significantly less.
What do you think?
Irrespective of the independence that they have taken away from their customers, I think there is still some good in this for them to protect their customers but at the same time they should not just assume that is the way to do things in the crypto world because it means that they can then just go an blacklists some wallet address even though it might be legitimate transactions that is going on between parties. But this really is a good one and should be commendable and also they should do well to enlighten their customers not to be too greedy.