They've been constantly bugging me to upload my government ID, never did. Now I'm really glad I didn't.
Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
501–510 of 550 posts
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#502Earlier quoted context omitted.
>If they were Coinbase employees or contractors, that means the company basically sold its own data to hackers, who then turned around and demanded a ransom. This seems like a strange interpretation. If an employee at your company, against policy and likely illegally extracts proprietary data and gives it to hackers in exchange for money you can hardly say that "My company sold it's data".
I agree it wasn't authorized, but I should absolutely still be able to hold the company responsible for the damage. My business relationship is with you, not your employees or vendors. They in turn could go after the perpetrator. If they're using contractors who are cheap, unvetted, untrustworthy or don't carry liability insurance that's their problem and shouldn't excuse them of accountability.
I'm not up to date on Tort law but it does seem likely the company has some liability here. I still think it's wrong to say the company did the thing. Someone employed by the company did it of their own volition. The company just gave them the ability to do the thing.
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#503Earlier quoted context omitted.
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
Any publicly traded stock is the same as your critetia, yet it isn't money either.
publicly traded stock is not liquid or fungible enough for my criteria actually
but it could be, especially if it was tokenized
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#504Earlier quoted context omitted.
Backups don't solve seed phrase phishing for example.
As opposed to the bank's ...? Or your other account's ..., what exactly, passwords? Phising is everywhere. How many times have you heard the elderly have their money stolen, both online and in real life? It happened to my grandma. The mailman is bringing her own pension as cash, and guess what, he has scammed my grandma for years! The food delivery guy who has been delivering lunch for my grandma, guess what he did?…
Hence why cryptocurrency would never replace regular banks for regular people. The situation with scams and thefts has only gotten worse. Not your keys, not your coin.
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#505Earlier quoted context omitted.
This just trades the unsolved exchange hacking problem for the unsolved lost/stolen keys problem.
Theft or loss has always been a problem since life evolved on Earth. I don't think anyone claimed that crypto was un-losable or un-stealable. It's not magic. https://cryptosteel.com
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Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#506Earlier quoted context omitted.
> 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.
They just morphed into Accenture.
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#507Earlier quoted context omitted.
They can use their bank account to buy crypto and then pay the ransom. Kidnapping is a thing in latin america before crypto became cool.
“Hey, cryptocurrency exchange, I, a random rich person, would like to, having never interacted with you before, buy a million dollars of bitcoin and transfer it out. Today, please.” That is simply not going to happen.
Eh, million dollars would not raise a single eyebrow from an exchange side. Your bank, maybe, will have some questions about the transaction, but the things they can do to prevent you spending your money are thankfully fairly limited.
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#508Earlier quoted context omitted.
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.
Btc whales want to destroy the dollar because it benefits them.
Neither the dollar or crypto are anything but social illusions, neither have an inherent right to exist.
It’s just people manipulating people. Such an intellectually dishonest forum to sit here and discuss meaningless layers of obfuscation.
The most important thing to any individual is enough other humans around their own life isn’t so hard. Specific humans, like those on this forum, are not essential.
You all can bleat on as hard as you want about the existence of crypto but it’s not an evenly distributed belief. And your individual value is non existent to the majority on the planet. No reason to prop up your hallucinations
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#509Earlier quoted context omitted.
iphone has been enshittified for several years now, it seems apple engineers are not using their own phones any more. I can understand it - when you're a millionaire just from your corporate job you won't be a stressed power user of your own iphones.
It’s not that it got worse, this feature has just never been great. It just feels half baked , which I agree a lot of Apple software has been trending towards. That said, what has increased is the volume of spam calls. So the importance of this feature has also increased. It’s sad because this seems like such a low hanging fruit for a big improvement. At some point in the relatively recent past, they added the indica…
>some engineer actually decided
No sane person would flaunt Apple secrecy in such a fashion whilst employed there.
>instead of his work quietly improving everyone’s experiBence
Laughable that you feel that Apple engineers have the capacity for this kind of desire in 2025. If they did, Xcode would be way better to use. They cant even quietly improve their own experience.
Re: Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom
#510Earlier quoted context omitted.
Well you start with the low-hanging fruit. Also I imagine these things take a while to plan.
The point is, it didn't need a coinbase data breach to identify these victims - they're high profile, public users of crypto.
Right. But it's an example of what could be coming for coinbase whales.