Coinbase hack could get people killed, TechCrunch founder warns

Die by the Bitcoin: As kidnappings tied to crypto investments rise, some feel that exchanges like Coinbase aren't doing enough to protect their users. Criminals now have access to home addresses and account balances, and if the situation worsens, people won't just lose money – they could lose their lives. Coinbase recently disclosed a serious security breach in which unknown cybercriminals accessed highly sensitive user data. While the company works to contain the fallout, the cryptocurrency exchange's users now face potentially life-threatening risks. TechCrunch founder and crypto-enthusiast Michael Arrington argues that Coinbase and its executives should be held accountable. Coinbase's breach is especially significant because it operates the largest crypto exchange in the US and holds the world's most valuable Bitcoin deposits. Founded by Brian Armstrong, the company estimates the breach could ultimately cost between $180 million and $400 million. Cybercriminals exfiltrated data, i ... Read full article.