On May 15, 2025, Coinbase suffered a major data breach exposing customer identities and transaction details. This highlights the risks of KYC-heavy exchanges that store sensitive personal data.

As most of you probably know coinbase recently got hacked and personal information including customers ID’s, phone numbers, emails, home addresses, balances and transaction histories are now in the hands of the hackers.

These attackers now know exactly how much crypto people hold and where they live.

This breach clearly shows the dangers of using KYC exchanges and why no-KYC might be the best solution.

Read the full article here: https://cyphergoat.com/blog/posts/coinbase-hack/

  • rideEnglish
    2·
    2 days ago

    Centralized exchanges collect vast amounts of sensitive data. When they get hacked (like Coinbase), your identity and finances are suddenly vulnerable.