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Laura Shin
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Crypto’s biggest security problem isn’t the blockchain.
It’s the people, says @lopp, after the Coinbase data breach.
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If you hold customer funds, you need to know who they are. @leishman says that KYC isn’t the problem, humans are. Are crypto companies going to start cutting customer support entirely?
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I usually have my phone in airplane mode but didn’t just now … and guess who called me Coinbase 👀
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Is crypto really secure? @jameswester argues the tech works… but the industry’s reputation suffers every time humans fail.
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In today's Unchained Daily: 🕵️ Coinbase’s double trouble 🏁 Starknet reaches decentralization milestone ⚖️ Tornado Cash co-founder trial: Booby prize? 🧑⚖️ Ripple’s SEC deal gets court’s thumbs-down 🔎 Coinbase hack: Damage report 📈 Read the latest update… and get more daily! Subscribe.
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Coinbase is being extorted, and the exchange may pay up to $400 million to rectify the situation. But here’s why it’s unlikely to hurt Coinbase stock. @steven_ehrlich investigates https://unchainedcrypto.com/coinbase-is-being-extorted-what-does-that-mean-for-its-stock/
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