Compensation for those affected?!! What's the point of compensation if they lost their sensitive personal data??!!
The hackers are now negotiating with Coinbase, demanding $20 million to keep the details of the breach private. If Coinbase does not comply, they may resort to selling this sensitive data, such as national ID cards, passports, driver's licenses and other data, to buyers on the darknet market for use in illegal activities, exposing users to significant risk.
And what kind of compensation can they provide that's enough? The data loss isn't reversible, this data leak will be over the darknet for years to come and I cannot know if they can do a lot more than spamming you with phishing emails, through your personal details, ID, VAT number etc, data you've submitted for KYC. I'm talking about possible identity theft, may sound a little far-fetched, but everything is possible. I am not surprised at all, and it's Coinbase fault for allowing the smaller link in the chain to have access to such trivial data.