Post
Topic
Board Bitcoin Discussion
Re: 6000 coinbase clients hacked
by
Blawpaw
on 02/10/2021, 23:53:47 UTC
Another example why using central exchanges is risky. The hackers knew private data of the users. One corrupt employee or one successful hack and bad guys capture your email, home address, phone number and sell it to local criminals who might knock on your door then best encrypted wallets are useless. Cryptocurrencies are designed for peer to peer usage. If you change it into peer to bank to peer then this adds some risks.

https://www.reuters.com/business/finance/coinbase-says-hackers-stole-cryptocurrency-least-6000-customers-2021-10-01/

Back 2 MTGox Syndrome. Everyone knows Central Exchanges are not secure. If it is not for security flaws it will always be human hands. Hackers will also be at the exchanges tails to try and get their way so it's up to companies like Coinbase to better pick their employees and invest in cutting edge security technology to stay one step ahead.