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.

There was a government* bailout in Ethereum, however. https://en.wikipedia.org/wiki/The_DAO

The government of Ethereum is not the US government.

I don't see a reference to a government bailout in the article you listed. The chain was forked by the community to the state before the hack and most users switched over this supporting this fork and calling it Etherium going forward.

The chain was forked, ultimately, by Vitalik Buterin - the president of Ethereum - and his cabinet. Calling a thing by different words doesn't make it a different thing.