Coinbase $COIN hired dirt cheap CSR agents in India, Pakistan, the Philippines or God knows where and they accepted bribes from a gang of cyber criminals who made off with tons of customer data including:

🚩 Names

🚩 Phone #'s

🚩 Gov ID images

🚩 Account balance and tx's

I've said it before and I'll say it again; Coinbase is not a serious company, and they're NOT serious about protecting their users.

Only the worst of corporate legal schmucks could spin this catastrophic failure as "protecting our customers and standing up to extortionists".

That horse already escaped the barn when you pay people peanuts and they take bribes to steal client PII.

What an absolute clown show.

Honk. Honk. 🤡

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Discussion

can coinbase recover from this?

Has a company ever been added and removed from the S&P 500 within a week? Would be hilarious if they were the pioneers of that achievement

depends how they handle the data leaks, I guess