Post
Topic
Board Exchanges
Re: Coinbase Breach: Customer Data Stolen, $20M Ransom Demanded
by
bbc.reporter
on 18/05/2025, 05:29:17 UTC
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.   

Also, what would be the use of Coinbase and other centralized exchanges to impose KYC on users if these exchanges will only act as something to mine information from users in the cryptospace. This is also certainly why users are beginning to prefer a worse experience from DEXs to avoid KYC.

I predict that the first DEX team that could create an experience for users similar to CEX will certainly make much money in revenues from fees hehehehee.

This is the information on what was leaked. This is very headshaking.

https://imgvb.com/images/2025/05/18/af2e1e7b3fe547df375ad0941c2df778.jpg[/img]