Coinbase Breach Exposes More Than Just Data—Crypto’s Security Paradox Looms
When exchanges get hacked, your portfolio isn’t the only thing bleeding.
Security experts sound the alarm after Coinbase’s latest breach—turns out ’not your keys, not your crypto’ applies to your KYC docs too. Who knew?
Meanwhile, Wall Street still thinks blockchain is ’just a phase’ while wiring billions to offshore banks with Excel-level security.
Bitcoin Market Patterns Suggest Another Consolidation Phase May Be Near
The threat is far from theoretical. Earlier this month, a French crypto investor’s father was kidnapped and tortured by criminals demanding a €5 million crypto ransom. He was rescued after two days, but the message is clear: public crypto exposure can invite real-world danger.
CertiK reports that social engineering attacks—like phishing and extortion—have caused over $1 billion in losses this year. Its co-founder, Ronghui Gu, says exchanges need to overhaul their approach, shifting from tech-only solutions to layered defenses that also consider human vulnerabilities.
As digital assets rise in value, so too does the need to protect the individuals behind the wallets—not just the coins themselves.
