Coinbase says hackers bribed staff to steal customer data, demanding $20M ransom

I mean... wasn't coinbase sort of scammy to begin with? Several years ago I gave them some USD, turned it into BTC, saw the value of the BTC go up, but when I tried to cash out was told that wasn't a thing that was supported by their platform. Later I was told I could apply for a $399/year credit card and could partially pay off the balance with BTC sale proceeds. I'm sure this was all disclosed somewhere in the terms of service I clicked through, and I only lost $1000 to their scheme.

But I've always wondered why people think this is how investment vehicles work. I monkeyed around with stock market bets and even Robin Hood allows you to cash out of your positions.

It's more likely you didn't "lose" $1k, but that you had "missed profits". And if you missed the profits because you didn't verify yourself earlier for withdrawal, then that's on you.

Coinbase supported direct bank withdrawals well before they launched their crypto debit cards.