Coinbase faced a significant breach affecting 97,000 users, attributed to insider threats. The exposed information, including names and contact details, raised alarms about phishing risks. Despite no funds being lost, security perceptions may shift as calls for better protection grow in the crypto community.
The incident triggered strong criticism of Coinbase’s security practices, especially regarding phone number reliance for authentication. The cryptocurrency community is advocating for enhanced security measures and reduced personal data exposure to safeguard against future breaches.
Leave a Reply