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Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

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Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#221

Post by Balgair »

zamadatix wrote: post #215
panarky wrote: post #194

Earlier quoted context omitted.

If you had any significant assets on Coinbase at any time prior to this breach, spear phishing is the least of your worries. Coinbase not only leaked your full name and address, they also gave up your balances, your transaction history, and images of your government identification. People with "significant" crypto balances are being assaulted on the street and in their own homes, and family members are being kidnappe…

> People with "significant" crypto balances are being assaulted on the street and in their own homes, and family members are being kidnapped for ransom. "Significant" in this case can be $10k or less. I wonder why, select a person completely at random and by median you'll get just as much from what they have sitting in their checking account. Select a nicer area for an order of magnitude more. That's not encouragemen…

Yeah, but banks and the normie monetary system has a lot more safeguards in it when it comes to account transfers. Or at least, they appear to have them.

Crypto? It's wild, and people think it's wild.

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#222

Post by haakon »

westonplatter0 wrote: post #77

It's ironic this came [out] the day after COIN is going to be added to the SP500.

And also the same day as it was reported the SEC is investigating Coinbase over claims it overstated user numbers in past filings (https://www.thestreet.com/crypto/policy/sec-is-investigating...).

It's been a bad day.

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#223

Post by suzzer99 »

zamadatix wrote: post #215
panarky wrote: post #194

Earlier quoted context omitted.

If you had any significant assets on Coinbase at any time prior to this breach, spear phishing is the least of your worries. Coinbase not only leaked your full name and address, they also gave up your balances, your transaction history, and images of your government identification. People with "significant" crypto balances are being assaulted on the street and in their own homes, and family members are being kidnappe…

> People with "significant" crypto balances are being assaulted on the street and in their own homes, and family members are being kidnapped for ransom. "Significant" in this case can be $10k or less. I wonder why, select a person completely at random and by median you'll get just as much from what they have sitting in their checking account. Select a nicer area for an order of magnitude more. That's not encouragemen…

The median person does not have $10k sitting in a checking account that they can easily withdraw. My gut feeling is that the threat of kidnapping is a lot more serious in some countries. The US maybe not so much.

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#225

Post by codedokode »

thepasswordis wrote: post #184
lovich wrote: post #148

Earlier quoted context omitted.

Watching crypto enthusiasts run into every problem that society already tackled with in the past when developing currency and its controls, and then coming up with solutions that look exactly the same as what dirty fiat currency uses, has been a source of much entertainment the past few years

Is there anything crypto does that paper currency doesn’t?

Paper currency can be devalued by the government by printing lot of paper (this has happened many times in our history). Cryptocurrency cannot.

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#226

Post by int_19h »

wmf wrote: post #213
voidspark wrote: post #177

Earlier quoted context omitted.

Yes that's true, but no need to hold your crypto there as a permanent storage. Once your fiat is exchanged to crypto, immediately transfer the crypto to your private wallet.

This just trades the unsolved exchange hacking problem for the unsolved lost/stolen keys problem.

That problem is trivially solved by backups.

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#227

Post by AStonesThrow »

thepasswordis wrote: post #184
lovich wrote: post #148

Earlier quoted context omitted.

Watching crypto enthusiasts run into every problem that society already tackled with in the past when developing currency and its controls, and then coming up with solutions that look exactly the same as what dirty fiat currency uses, has been a source of much entertainment the past few years

Is there anything crypto does that paper currency doesn’t?

"Cryptocurrency" is a misnomer, because none of them are actual currencies.

Cryptocurrencies are classified, for now, as securities.

Currency is currency and cryptocurrency is not. So please do not attempt to compare apples to oranges here.

https://en.wikipedia.org/wiki/Security_(finance)

If you wish to compare cryptosecurities to other securities, then do that, but don't try to act like it is some sort of future utopian currency.

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#228

Post by [deleted] »

suzzer99 wrote: post #223
zamadatix wrote: post #215

Earlier quoted context omitted.

> People with "significant" crypto balances are being assaulted on the street and in their own homes, and family members are being kidnapped for ransom. "Significant" in this case can be $10k or less. I wonder why, select a person completely at random and by median you'll get just as much from what they have sitting in their checking account. Select a nicer area for an order of magnitude more. That's not encouragemen…

The median person does not have $10k sitting in a checking account that they can easily withdraw. My gut feeling is that the threat of kidnapping is a lot more serious in some countries. The US maybe not so much.

[deleted]

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#229

Post by patatino »

VectorLock wrote: post #190
modeless wrote: post #179

I have been receiving regular spear phishing calls from these guys, or someone who bought the leaked data, with classic tactics like claiming that I need to confirm a potentially fraudulent transaction. They speak perfect English with an American accent, sound very friendly, and have knowledge of your account balance. Thankfully on the first call I realized it was a scam right away, and Google's call screening featur…

I just switched to iPhone from a pixel device and I’m shook by all the spam calls. How do iPhone users deal with this?

I don’t get any calls, seems to be an US problem?

Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

#230

Post by zamadatix »

suzzer99 wrote: post #223
zamadatix wrote: post #215

Earlier quoted context omitted.

> People with "significant" crypto balances are being assaulted on the street and in their own homes, and family members are being kidnapped for ransom. "Significant" in this case can be $10k or less. I wonder why, select a person completely at random and by median you'll get just as much from what they have sitting in their checking account. Select a nicer area for an order of magnitude more. That's not encouragemen…

The median person does not have $10k sitting in a checking account that they can easily withdraw. My gut feeling is that the threat of kidnapping is a lot more serious in some countries. The US maybe not so much.

Good point, perhaps the lower $ examples are about other countries where that may be a lot more than median transactional account holdings and maybe that concern is part of why folks were using crypto holdings.
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