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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

#321

Post by koakuma-chan »

Balgair wrote: post #221
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…

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.

I tried to use Coinbase a few months ago to pay for something, and I couldn't even make a transaction because it was deemed suspicious, and my account got locked or something.

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

#322

Post by lavezzi »

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 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.

And how long has this been at an increased level? Because i'm not buying the coinbase narrative that they thought this was a systemic issue until they were contacted by the 'cybercriminals'.

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

#323

Post by [deleted] »

aeternum wrote: post #301
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…

Why do you see this as the fault of Coinbase? Do other companies somehow have employees that are immune to bribes and blackmail? This is due to US Government KYC laws that forced Coinbase to associate government identification with all accounts. No crypto company required ID until they were forced to.

[deleted]

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

#324

Post by quickthrowman »

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…

Bank transactions are reversible, crypto transactions are not.

Also, people do point guns in people’s faces and force them to pay them via Venmo or Cashapp. Google ‘Venmo robbery’ or ‘cashapp robbery’ for plenty of examples. Pointing a gun in someone’s face for $4M in crypto is a lot more lucrative.

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

#325

Post by yieldcrv »

AStonesThrow wrote: post #282
woah wrote: post #262

Earlier quoted context omitted.

Coinbase is identical to a bank because it holds customer funds. Your comment isn't quite the dunk you think it is. Blockchains allow money to be held anonymously without any banks involved. Centralized exchanges are just profiting on speculation and probably should be banned.

No they don’t. “Cryptocurrency” isn’t money at all. Just because you can trade it in for money, doesn’t make it so. I can also trade in my hat to the Buffalo Exchange for money. But my hat is not money.

what's more important to me is how quickly can you trade your hat, how quickly can you determine the marketable value of your hat for selling, how close in value can you buy that hat for the same price you sold it, how many hats can you buy or sell at that price?

and that's where hats fail in all metrics to cryptocurrency and how cryptocurrency satisfies my criteria for money

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

#326

Post by bobthepanda »

ClumsyPilot wrote: post #253
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…

> will never be forced to reimburse all the damage they've done because the true cost would bankrupt the company This story keeps repeating. Maybe we should try it and see if it works as a deterrent.

It's worked before; Arthur Andersen ceased to exist after the Enron accounting scandal.

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

#327

Post by beaned »

panarky wrote: post #194
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…

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…

They said less than 1% of users were affected.

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

#328

Post by zbirkenbuel »

conductr wrote: post #201
VectorLock wrote: post #190

Earlier quoted context omitted.

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?

It’s my biggest gripe. They can pretty accurately flag a number as Spam or Telemarketing but in the “Silence Unknown Callers” setting I can only silence every single unknown caller. I can’t silence every single number that’s not in my contacts. When the plumber calls to confirm he’s in route, my phone needs to ring. Stuff like that.

I would have assumed an unknown caller was defined as any number not in your contacts. what is it instead?

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

#329

Post by [deleted] »

aeternum wrote: post #301
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…

Why do you see this as the fault of Coinbase? Do other companies somehow have employees that are immune to bribes and blackmail? This is due to US Government KYC laws that forced Coinbase to associate government identification with all accounts. No crypto company required ID until they were forced to.

[deleted]

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

#330

Post by theossuary »

cyanydeez wrote: post #299
modeless wrote: post #268

Earlier quoted context omitted.

Bitcoin is plenty decentralized. Coinbase deals with dollars, that's the non-decentralized part.

so, the part that makes bitcoin useful to 99% of the people is the non-decentralized part. Sounds like an appendix.

Only because of US law. It didn't have to be this way; the US wanted to destroy Bitcoin as a currency because it threatened their surveillance state, and they effectively have.
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