Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: 6000 coinbase clients hacked
by
Sir Legend
on 17/10/2021, 14:53:34 UTC
Quote from: BTCtester.com on October 02, 2021, 06:20:17 PM
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/

This is what we always worry about, even though we have completed all security requirements when on exchanges but because of data theft from various sources then all security systems are useless, this is what makes decentralized exchanges more attractive and I prefer to use Pancake swaps if I want to buy or sell coin.