I hope to be pardoned if this information has been brought here before because I have not seen such across the forum and I think it is important sharing it here at by learning about it just recently.
It is another attack on the centralized exchange as hackers has succeeded in hacking the
Coinbase the most dominance American crypto exchange.
They hackers have demanded for $20M to be paid in Bitcoin as ransom and threatened that if the exchange fails to comply with the demand, users of the platforms data's will be revealed but the exchange is taking it on controversy refusing to comply with the hackers demands instead, the exchange is only willing to reward the said amount $20M to any source that can lead to the capture of those scammers and bring them forward for conviction.
So do you think the exchange is taking the right decision like toying with it community users Privacies with their stance or suggests they are on the right decision?
For me, I literally don't know of what benefit would it profit those scammers by revealing the exchange users data's.
Perhaps Bitcoin and cryptocurrencies is not illegal so I wonder what legal issues those scammers think they would bring to the community by releasing those data except to keep the public aware of individuals holding on the digital assets which apparently would optimize physical and online threats that would basically put those vulnerables (Coinbase users) on insecurity tension.
https://timesofindia.indiatimes.com/technology/tech-news/americas-largest-crypto-exchange-coinbase-hacked-threatening-to-leak-customer-data-hackers-demand-20-million-in-bitcoin/articleshow/121192755.cmsI also tend to believe that limitation of crypto investors have deviated from keeping their funds in the centralized exchanges after several attacks on the other exchanges before this one which if so, lot of the exchange users funds would be secured basically on the fact they are holding their assets in the self custodial wallets.
