The recent data leak in Cryptocurrency Exchange Coinbase has raised concerns not only about economic safety but also about the physical safety of users. At the same time, Michael Arrington, the founder of Techcrunch, has also expressed strong resentment over the negligence of Coinbase on this matter. He has warned that the life of users may also be in danger due to lack of security in this way.
Coinbase is the third largest crypto exchange in the world, which has confirmed that in this attack its total monthly transactions have been affected by less than 1% of the users who have done. But experts believe that its real impact on ‘Human Cost’, can be more serious on users.
Coinbase Hack ReplaceDanger of physical attack increased due to leakage of house address
The biggest concern due to the leakage of data in Coinbase Hack is that hackers have got access to sensitive information like users’ house address. According to reports, cyber criminals found access to internal systems and stole personal data by bribing Overseas Customer Service Employees.
Techcrunch founder Michael Arrington posted on X on 20 May, saying, “Choosing the cheap customer service option by Coinbase is now overshadowing.” He also said that this data can also give rise to cases like social engineering scams or physical extortion.
According to a report, till May 16, such cases have been confirmed in which Crypto Investors were looted from the Violent Method. The most shocking incident appeared in Paris, the French capital on 4 May, where the father of a Crypto Entrepreneur was kidnapped. Kidnepars cut Victim’s finger and demanded 5 million euros through the video. Two days later, the police rescued him and five accused were arrested.
‘Lear security’ is now needed between rising Crypto RIP -off
This incident shows that only technical protection is not enough. Rather, according to Rongui Gu, co-founder of the CERTIK Web3 Security firm, the exchange should adopt ‘Layred Protection Technique’. This should include measures such as Privilaged Access Management, Zero Trust Architecture, Multi Factor Authentication and frequent monitoring.
Rongui Gues say that daily fishing simulation, security training and limiting third party access can be helpful in preventing such cyber attacks.
At the same time, the industry suffered a loss of more than $ 1 billion due to social engineering scams in 2024 and now in 2025, this danger seems to grow faster. Along with this, if you want to get more information related to Coinbase Hack, then you can go to our Crypto Change section. Where you Wazirx Hack and Coinbase Hack was a big similarity You will get to read such news.
Conclusion
Data leaking of coinbase is not just a cyber attack, but also a threat to users’ physical safety. Crime such as kidnapping and extortion can increase due to home address leaks. Therefore, Crypto platforms need to adopt ‘Leird Security’, not just technical, but also in mind the human safety, otherwise the price of further mistakes may be very heavy.
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