One good thing from this is that the need for privacy and the shortcomings of KYC are starting to be talked about more aggressively.
So, for example
Bitcoin wallet firm Nunchuk_io
KYC is a disaster waiting to happen.
If it can happen to Coinbase, it can happen to anyone.
https://x.com/nunchuk_io/status/1923002572702437378Nick Neuman, the CEO of wallet firm Casa
We don't know when this Coinbase data breach happened, but we do know that Coinbase social engineering scams have been rampant for years.
This is why we don't collect KYC by default at Casa. It's one more attack vector for people to use against you.
https://x.com/Nneuman/status/1923025939543339079Wintermute CEO Evgeny Gaevoy
Coinbase not disclosing this (much much much...) earlier notwithstanding, this is the dark side of the idiotic and nonsensical kyc/aml regime we live in
making life marginally convenient for law enforcement and geopolitical games, while sacrificing our privacy, imposing a massive tax on pretty much all businesses, and making it easier for criminals to rob, kidnap and do crime
https://x.com/EvgenyGaevoy/status/1922975392928768322