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

(www.cnbc.com)
410 points gpi | 2 comments | 15 May 25 15:52 UTC | HN request time: 0.558s | source
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neilv ◴[15 May 25 16:07 UTC] No.43996445[source]▶
The article keeps saying overseas employees or contractors, but isn't more specific on who Coinbase entrusted with this sensitive customer PII.

The bottom line is Coinbase didn't adequately secure sensitive customer information, and it was leaked.

Not, "Gosh, 'overseas' people, what can ya do?"

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voidspark ◴[15 May 25 16:28 UTC] No.43996649[source]▶
How can customer support operate without knowing anything about the customer?
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kgwxd ◴[15 May 25 16:35 UTC] No.43996714[source]▶
Isn't the whole point of crypto to keep PII out of it completely? If not, what is all this non-sense for exactly, other than the typical goals of pyramid schemes?
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ty6853 ◴[15 May 25 16:41 UTC] No.43996776[source]▶
The main point of crypto IMO is to have a large-denomination bearer asset.

This is overlooked most places but if you examine around the time the FATF finally pretty much eliminated bearer bonds, bearer stocks, and large bank notes was exactly the time crypto really took off.

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1. Tokumei-no-hito ◴[15 May 25 16:49 UTC] No.43996870[source]▶
this? https://www.investopedia.com/terms/b/bearer-instrument.asp
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2. ty6853 ◴[15 May 25 16:58 UTC] No.43996958[source]▶
yes. IIRC ~2015 was when the last of bearer bonds/shares were pretty much all completely immobilized. I can't recall when the last ~1000 USD equivalent banknotes were printed but it was also close to that time.