I have recordings proving Coinbase knew about breach months before disclosure

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.

This doesn’t surprise me at all.

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

Bitcoin is a crypto-currency/blockchain. Coinbase is a corporation that allows users to buy/trade crypto-currencies.

With Bitcoin you do not get government bailouts like what happened with the beyond reckless banks in 2008.

"With Bitcoin you do not get government bailouts" -- yeah maybe not yet? Is it beyond belief that a government with leadership deeply invested in crypto currencies might take action if something super disruptive happens?

Possible. But Bitcoin is hard capped at 21 million coins. The government can peint more paper money to bail a company out if it makes stupid decisions, but they cannot print more Bitcoin. This will devalue the paper currency even more and also increase the value of Bitcoin. Bitcoin is called a hedge against inflation for a reason.