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Coinbase Breach: Hacker’s $12.5M Ethereum Splurge Sparks Security Firestorm
Coinbase Breach: Hacker’s $12.5M Ethereum Splurge Sparks Security Firestorm
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A shadowy actor just turned a Coinbase exploit into a $12.5M Ethereum shopping spree—and the crypto world's sweating bullets.
Security holes you could drive a truck through
The heist exposes gaping vulnerabilities in even the most 'trusted' exchanges. While retail investors get KYC'd to death, hackers waltz through backdoors with eight-figure paydays.
Ethereum's awkward PR moment
That stolen stash is now sitting pretty in ETH—making Vitalik's network an unwitting accomplice. Perfect timing as institutional investors start demanding 'compliant' crypto plays.
The takeaway? Crypto's future might be decentralized, but today's security practices are stuck in 2017. Wall Street's watching—and probably shorting—the whole fiasco.
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