Post
Topic
Board Exchanges
Merits 4 from 1 user
Re: Coinbase Breach: Customer Data Stolen, $20M Ransom Demanded
by
Pmalek
on 15/05/2025, 16:02:17 UTC
⭐ Merited by The Sceptical Chymist (4)
Who would have thought that a service that stores KYC data on crypto customers in a centralized way and has low-level staff that can access this information at any point in time could be so attractive to scammers? It's surely the first time that something like that has happened. Actually, it has happened many times already and it will continue to happen. The affected Coinbase clients can now enjoy spam calls, phishing emails, online threats, or the occasional visit or two by criminals who operate in their vicinity.

Just make sure you don't hurt the thieves who come after you or your family because that's against the law. You could also cause them emotional damage, the poor things.
I am sure Coinbase will learn from this and introduce new security steps that involves uploading additional data and information about yourself as well as new documents. It will be stored safely, don't worry.