Odaily Planet Daily News: Arthur, founder and chief investment officer of DeFiance Capital, stated on platform X that Coinbase really needs to address their issues. If Coinbase ultimately becomes a honeypot for users' important information, there is no reason to continually require KYC. Previously reported, hackers acquired personal information of less than 1% of Coinbase's active users by bribing overseas customer service personnel, but passwords, private keys, or funds were not involved. Coinbase refused to pay the $20 million ransom and established a $20 million reward fund to track down the attackers.