The money goes poof.

The Ponzi scheme guy who is a former actor pays employees at this exchange for login info of customers.

The money goes poof.

Brock Pierce

Coinbase

Coinbase User Accounts Emptied After Hackers Gained Access to Their Crypto Wallets | Couple Discovered $168K Crypto Stolen

Coinbase user accounts have been emptied after hackers were able to gain access to their crypto wallets. To make matters worse, coinbase did not have live chat support which caused those that lost to worry.
Coinbase Hackers Gain Access to Users’ Accounts

According to TechRadar, an increasing number of users of the currently highly popular cryptocurrency exchange called Coinbase have suddenly found their accounts on the platform empty. This is after hackers have managed to gain access to them and thoroughly drain their cryptocurrency wallets.

A new report by CNBC notes that the news outlet was able to interview Coinbase customers stretching across the United States and discovered thousands of customer complaints. An example for this is one couple logged onto the server only to discover that their $168K in cryptocurrency had suddenly vanished after hackers suddenly took over their account.
Coinbase No Live Chat Support

To add even more insult to injury, the couple noted that they weren’t even able to reach Coinbase for support after the unfortunate incident happened. While banks still employ live chat and email and telephones in order to provide customer support, the popular cryptocurrency company only responds to their customers through email.

Coinbase, back in the day, originally offered live chat for support but the feature was previously phased out around 2016 according to a recent Coinbase blog post. It reportedly plans to re-add live chat to its platform. In addition, the platform also plans to continue and expand its current customer support team in order to better serve its current customers.- Source

Brock Pierce shares views on privacy and DeFi with crypto leaders

For a man who has seen his fair share of privacy splashed all over the redtops, former 2020 US Presidential Candidate and crypto legend Brock Pierce is cautiously optimistic about the possibilities for privacy within DeFi.

He believes the overall growth and desire for the DeFi is unstoppable but is also sure that solutions are coming down the track.

Speaking with Crypto AM, Brock says: “The lack of privacy in decentralised finance has been brought up since early on and, despite concerns about it, the DeFi space has still grown from close-to-zero a year ago to over 50billion today and I expect it to continue to grow.

“Some of the risks include that while some of the addresses could be pseudonymous, individuals and entities may still be able to track and identify the individuals and institutions that own certain addresses and wallets, and their actions within DeFi.

“There will likely be solutions provided which enable activity in more private manners, specific protocols that are setup and utilising specific platforms.” – Source