Post
Topic
Board Bitcoin Discussion
Re: 6000 coinbase clients hacked
by
wajik-tempe
on 04/10/2021, 07:21:49 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/

The lesson that we could learn from this big exchanges is no guarantee to be safe. People still have mind that popular and big exchange is safe because they have the best security but the reality is, the good hackers are targeting big exchanges instead of mediocore level exchanges.
As an investors we should just sent a few of our balance to trade on exchange wallet if we want to trade and never save balances too much on an exchange because that could be targeted by the hackers