We explore the Coinbase customer data breach, vulnerabilities in KYC systems, and the increasing risk of physical attacks against crypto holders.
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Today, Janusz joins us to dive into the recent Coinbase customer data breach where overseas support agents were bribed to steal user information. We explore the fundamental vulnerabilities in KYC systems, the rising trend of physical attacks targeting crypto holders, and sophisticated phishing operations. Yanis offers practical alternatives to centralized exchanges and discusses how to maintain privacy while navigating regulatory requirements in the crypto space.
Notes:
- Coinbase hackers demanded $20M in Bitcoin ransom
- Less than 1% of Coinbase customers affected
- Physical crypto attacks increasing since 2022
- Support agents bribed to copy customer data
- P2P alternatives avoid additional KYC exposure
- Constitutional rights may extend to anonymous payments
Timestamps:
00:00 Start
01:15 Easy targets
03:09 Coinbase breach timeline
04:15 Coinbase CEO Brian Armstrong Video
06:58 The pitfalls of KYC
15:29 Junseth scam call
17:29 Arch Network
18:31 Know the risks
22:31 Protecting yourself
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