the coinbase compromise was way worse than they made it seem
apparently offsite customer service reps had full database access to transaction history, including bitcoin addresses, home addresses, phone numbers, emails, and bank info
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Replies (57)
Any specific time frame or was it all customers?
SO, SO, SO, GLAD I GOT MY SHIT OFF THAT SHITCOIN EXCHANGE!
STRIKE FOR THE WIN!
Good old KYC (Kill Your Customer)
This reminds me I need to buy some more ammo.
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KYC for the Big L
kyc laws are evil but blaming this on those is giving coinbase too much credit
customer service should not have access to all this info
When hackers review my Coinbase account details they'll say "naah not worth waste time on this one 😂"
KYC is the illicit activity
Beat me to it 🤣
Any recommend purchasing platforms for NKYC lightning sats ?
I don't doubt that. Moreso it'd be cool for them to push some educational materials to customers that'd help in the event of this type of breach. No one is "unhackable" but I'm guessing the answer is just offsite multisig.
#KYC is one, if not THEbiggestt, security risks...
will consider, it is difficult because there is no “one size fits all” advice
highly recommend multisig for large holders, anchorwatch is a solid option for less technical users, they hold your hand through the process and insurance covers theft
onchain privacy is an important piece as well
and home security in general, cameras, guns, etc - don’t be a soft target
KYC 👎
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Fuck sake. They can't be trusted with the data. None of them.
If only someone in their support department had warned them this was stupid and risky when they were first set this up years ago, maybe they would have listened…
Oh yeah, it’s Coinbase. They care as much for their support reps as they do their customers, so that’s a big fat nope.
did you used to work for coinbase support?
Might be a good time to either get a proper gun or 3D print one for those affected
Another win for those renting. I signed up with Coinbase five addresses ago.
Coinbase negligence is putting people in physical danger.
What made you choose Strike over River? Just curious, I have no hard position against Strike.
Odell could've posted this to X and played the game of centralised algorithms, probably would've got a bigger audience but has made a conscious choice to be the change he wants to see in the world.
But why were they on Coinbase :-) .. wasn't they the "self custody" supremo ? May be I am wrong ..
Lesson - don't listen to the GURUs 😭😭😭 .. oh may be it is a free promo .
By the time this all shakes out, buying from a stranger in a parking lot may prove safer than buying from Coinbase 🤦♀️
My family rents mainly because we feel morally conflicted in increasing M2 money supply to purchase a home, and I’m not selling 🌽 to buy a house. But beyond that, companies make you put in your address for everything nowadays, and things are shipped to you all the time.
Until personal data is taken seriously and secured uncompromisingly, staying on the move through renting is just another layer of opsec.
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Holly molly .. it is a promo .. COIN up five percent this morning ..
and proper training, incredibly important
I’m glad I have moved multiple times since I last used Coinbase and Ledger years ago
100%
an under appreciated benefit of renting
For God's sake, why does Brian (naked mole rat) Armstrong even have a job still?
I deleted my account last year 🙏
Horrendous. Fuck centralization!
KYC is the problem! That's my note
They weren't compromised. They just called it that way 🙄
It is a breach of Least Privilege, which is a fundamental cybersecurity principle. An egregious error on Coinbase's part. Anyone with even just a Sec+ (i.e., me) knows this.
He recently mentioned on a pod working for Coinbase, but I forget if he said the department, but probably support 😂
i intentionally did not say hack, employees compromised their system
DANG
ENJOY THE NOISE
Not hack. How about... It was intentional
What is Coinbase?
Yeah, I was management. We warned them of this happening when the executive team decided that we should have call centers.
just thinking the exact same thing.
Need to stay non-sovereign like your money
I started getting fake text messages and calls from “coinbase support” today saying someone logged into my account from Paris. I haven’t used coinbase since like 2019.
How do we know they had such access?
I got one a few weeks ago saying it was logged into from Tokyo even though I deleted my account ages ago.
fuck kyc
I don't mind it if it's with a trusted company like Strike. But, I would never leave more than $100 on ANY exchange. That's for sure.
Every company is trusted until it isn't. Strike isn't immune to scew ups or attacks, which is why we shouldn't have to trust any company with unnecessary data.
You should mind.
I'm aware. That's why I said i barely keep any money on an exchange. To be clear, I don't use Strike for purchases. I use Robosats for that. I just use strike to pay bills with whatever cash balance is needed.
Fair enough. Robosats is something I found recently. Interesting concept.
A lot of people are intimidated by the purchasing process. It's much easier than it seems, though.
This is why #privacy matters.
KYC is dangerous.
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Slowly every Bitcoiner will realize that KYC data and a transparent, public blockchain is a terrible combination for a store of value.
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Fuck Coinbase
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#DontRiskItBisq
#KYCNotMe
#Robosats
#Retoswap