Hopefully entities start moving their custodied BTC out of Coinbase. That would be a great outcome.
Discussion
Agreed. How in the world is coinbase a better option than any high end solution that these multi-billion dollar companies could come up with themselves. Can’t find trust in your own system in your own org? But, you can trust coinbase? . . . wow.
I’ve never understood it. I really hope this breach leads to more decentralized custody.
Speaking of… I’d love to see the actual security protocol behind protecting 535,000BTC