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    I have recordings proving Coinbase knew about breach months before disclosure

    (jonathanclark.com)
    685 points jclarkcom | 12 comments | 16 Nov 25 20:18 UTC | HN request time: 1.107s | source | bottom
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    chaps ◴[16 Nov 25 20:59 UTC] No.45948347[source]▶
    Once did some programming/networking work for a company that did the networking of a office sharing building that Coinbase was running out of. Early in my work there I noticed that the company had its admin passwords written on a whiteboard -- visible from the hallway because they had glass for walls. So I sent them an email to ask that they remove it (I billed them for it).

    Their fix was to put a piece of paper over the passwords.

    What a time.

    replies(4): >>45948409 #>>45948413 #>>45950978 #>>45970370 #
    650REDHAIR ◴[16 Nov 25 21:08 UTC] No.45948413[source]▶
    This doesn’t surprise me at all.

    Bitcoin, and really fintech as a whole, are beyond reckless.

    replies(5): >>45948422 #>>45948453 #>>45948644 #>>45952637 #>>45953031 #
    1. monero-xmr ◴[16 Nov 25 21:10 UTC] No.45948422[source]▶
    Ah yes, I remember all the times they hacked bitcoin
    replies(5): >>45948425 #>>45948428 #>>45948530 #>>45948750 #>>45948924 #
    2. ◴[16 Nov 25 21:11 UTC] No.45948425[source]▶
    replies(1): >>45948473 #
    3. jamespo ◴[16 Nov 25 21:12 UTC] No.45948428[source]▶
    lol monero in username
    4. ◴[16 Nov 25 21:18 UTC] No.45948473[source]▶
    5. 8organicbits ◴[16 Nov 25 21:24 UTC] No.45948530[source]▶
    There's a great index of hacks here https://www.web3isgoinggreat.com/?theme=hack

    It's breathtaking how frequent these are.

    replies(1): >>45948614 #
    6. happyopossum ◴[16 Nov 25 21:33 UTC] No.45948614[source]▶
    That’s like saying the $USD was hacked when a bank gets breached.
    replies(4): >>45948752 #>>45948979 #>>45949277 #>>45950670 #
    7. arcanemachiner ◴[16 Nov 25 21:52 UTC] No.45948750[source]▶
    It's been a while, but it has happened:

    https://nvd.nist.gov/vuln/detail/CVE-2010-5139

    8. braingravy ◴[16 Nov 25 21:52 UTC] No.45948752{3}[source]▶
    Are banks breached at the same rate as bitcoin brokers? I think that was op’s point.
    9. 8organicbits ◴[16 Nov 25 22:20 UTC] No.45948979{3}[source]▶
    That's a silly assumption to make. I'm clearly talking about the poor security offered by cryptocurrency, in practice, as evidenced by the frequent hacks impacting cryptocurrency companies.
    10. CPLX ◴[16 Nov 25 23:06 UTC] No.45949277{3}[source]▶
    No. It's like saying that cash is risky when a bunch of cash gets stolen or lost.
    replies(1): >>45952823 #
    11. shadowgovt ◴[17 Nov 25 03:41 UTC] No.45950670{3}[source]▶
    When a bank gets breached, there are mechanisms to make the victims whole, up to and including "Just print money; it's a fiat currency."

    No such mechanisms in Bitcoin, so hacks have longer-term impact.

    12. johnisgood ◴[17 Nov 25 11:52 UTC] No.45952823{4}[source]▶
    Which it does. :D