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Hackers drained 6,000 Coinbase accounts. A reminder those of you who think “my coins are safer on the exchange” – your coins are NOT SAFE ON EXCHANGES!

Hackers drained 6,000 Coinbase accounts. A reminder those of you who think “my coins are safer on the exchange” – your coins are NOT SAFE ON EXCHANGES!



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12 Comments

  1. My opinion is same, Big exchange security similar to bank, only with latest technical problem solving solutions. Other hand is regulations.

    Truth is most of participants, are no, ready to secure digital currency, so let it do professionals.

    More likely you will get your coins back, to get back from your own wallet, if hacked.

    Internet network is enough secure, if you are enough ready to can keep cryptocurrency safe.

    Start and learn technical aspects. To be ready for that revolutionary technology.

    ICO, De-Fi, DAO, your own coin.

    Or save it in famous crypto-banks (including exchangers), just learn word “Regulated” by country and organization.

    Crypto is in the future you live right now.

  2. Coinbase is covering each and every one of them accounts in full. I’ll take my chances. It’s like saying your money is safer under your mattress rather then in a bank. How many banks been hacked and robbed but the bank covers the people.

  3. 6000+ users have lost or forgotten their passwords / hard wallets. A reminder those of you who think “my coins are safer under my own hands” – your coins are NOT SAFE ON YOUR OWN HANDS!

  4. tldr; Crypto exchange Coinbase disclosed that a threat actor stole cryptocurrency from 6,000 customers after using a vulnerability to bypass the company’s SMS multi-factor authentication security feature. To conduct the attack, the attackers needed to know the customer’s email address, password, and phone number associated with their account and have access to the victim’s email account.

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

  5. If I lose my crypto on binance the crypto market would probably crash over 90% allowing me to potentially buy back anyway.

    If I create my private keys unsafely or lose them I stand to lose everything with no way to get back in.

What do you think?

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