TechCrunch founder Michael Arrington has issued warnings about serious consequences of Coinbase data leak. Despite being a self-described “long time investor in and champion of Coinbase,” Arrington has publicly criticised the exchange’s security practices. He also highlighted the severe risks created when hackers access sensitive customer information. Arrington warns of deadly consequences of Coinbase data breach As reported earlier, Coinbase data breach resulted in upto $400 million hit for the exchange. Michael Arrington focused on the potential human cost rather than just the financial implications. As a self-described longtime investor and supporter of the exchange, his criticism carries particular weight in the crypto community. I am a long time investor in and champion of @coinbase. Something that has to be said though – this hack – which includes home addresses and account balances – will lead to people dying. It probably has already. The human cost, denominated in misery, is… Read More at Coingape.com
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