We explore the Coinbase customer data breach, vulnerabilities in KYC systems, and the increasing risk of physical attacks against crypto holders.

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Today, Janusz joins us to dive into the recent Coinbase customer data breach where overseas support agents were bribed to steal user information. We explore the fundamental vulnerabilities in KYC systems, the rising trend of physical attacks targeting crypto holders, and sophisticated phishing operations. Yanis offers practical alternatives to centralized exchanges and discusses how to maintain privacy while navigating regulatory requirements in the crypto space.

Notes:

- Coinbase hackers demanded $20M in Bitcoin ransom

- Less than 1% of Coinbase customers affected

- Physical crypto attacks increasing since 2022

- Support agents bribed to copy customer data

- P2P alternatives avoid additional KYC exposure

- Constitutional rights may extend to anonymous payments

Timestamps:

00:00 Start

01:15 Easy targets

03:09 Coinbase breach timeline

04:15 Coinbase CEO Brian Armstrong Video

06:58 The pitfalls of KYC

15:29 Junseth scam call

17:29 Arch Network

18:31 Know the risks

22:31 Protecting yourself

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