Coinbase Data Breach Sparks Safety Concerns and Debate

A recent data breach at Coinbase has exposed personal information for 1% of users, resulting in a ransom demand from the attackers. While Coinbase refused to pay, this incident reignited conversations about security models within the cryptocurrency exchange industry. Key concerns include the vulnerability of user verification processes and potential risks associated with phone number authentication. The breach adds fuel to ongoing debates on balancing convenience and security for users.