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The Global Chief of Policy in TrM Labs, the analytical company Blockchain, which helps the coercive authorities to investigate crypto fraud, shared that she believes that Coinbase’s treatment of the latest hack is “a really great example for other businesses in terms of how to manage”.
On the Consensus 2025 Ari RedBord, he discussed how easy it was for haches to cryptocurrency, because the industry is “a perfect storm of weak cyber inspections and eventually this is a good goal”.
Coinbase shared earlier on Thursday that some his employees were bribery The data of its customers and its founder Brian Armstrong received a sophisticated comment for $ 20 million in Bitcoins.
The team shared In a blog post The fact that it could pay up to $ 400 million to remedy the affected customers for breach and that they instead set $ 20 million for any information about the attackers.
Messages come when the industry experienced other main hacks such as a Bybit that was hacked at the beginning of this year for $ 1.5 billion and extinct crypt exchange FTX in November 2022 worth $ 400 million.
Although these episodes seem to occur often, Redbord believes that more regulatory involvement can alleviate some of these problems. “We can do a lot with governments to go after these bad actors who have nothing to do with crypto or blockchain intelligence,” he said. “We have cybernetic devices.”
Read more: Coinbase could pay customers up to $ 400 million for data violations
