Post
Topic
Board Bitcoin Discussion
Re: 6000 coinbase clients hacked
by
BrianH
on 04/10/2021, 17:46:18 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/
Exactly right. You would think after the Mt. Gox hack, the Bitfinex hack, the Binance hack, etc people would be wary of ever using centralized exchanges.

Here are some decentralized alternatives to centralized exchanges.