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    1. coinfeeds-bot on

      tldr; TechCrunch founder Michael Arrington criticized Coinbase’s recent data breach, warning it could lead to physical harm or deaths due to exposed customer information, including addresses and account balances. He called for stricter penalties for companies failing to protect data and questioned the role of know-your-customer (KYC) regulations. Coinbase refused to pay a $20 million ransom to attackers and instead offered a reward for information leading to their arrest. The breach has heightened concerns over the safety of high-net-worth crypto holders amid rising kidnapping attempts.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. >“This hack—which includes home addresses and account balances—will lead to people dying. It probably has already,” he tweeted. “The human cost, denominated in misery, is much larger than the $400 million or so they think it will actually cost the company to reimburse people.”

      Real threats. High value clients. Urgent need. Someone should start a security firm to protect crypto elites.

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