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I have recordings proving Coinbase knew about breach months before disclosure

(jonathanclark.com)
685 points jclarkcom | 1 comments | 16 Nov 25 20:18 UTC | HN request time: 0.001s | source
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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.

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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.

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KetoManx64 ◴[16 Nov 25 21:16 UTC] No.45948453[source]▶
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.

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1. dclowd9901 ◴[17 Nov 25 03:26 UTC] No.45950620[source]▶
I would be willing to bet the current administration would in fact do whatever they could to undermine the dollar's value, including propping up a digital currency when it should fail.