Author/Source: Bogdan Botezatu See the full link here
Takeaway
This article is about a former employee of the cryptocurrency company Coinbase who was arrested for allegedly selling customer information. You will learn how this person helped criminals steal money from people’s online accounts.
Technical Subject Understandability
Beginner
Analogy/Comparison
This situation is like a security guard at a bank secretly giving a thief information about where people keep their money, allowing the thief to break in and steal it.
Why It Matters
This incident shows how serious it is when someone trusted misuses personal information, even from inside a company. It’s important because it led to victims losing over $375,000 from their cryptocurrency accounts.
Related Terms
Cryptocurrency, Phishing, SIM-swapping. Jargon Conversion: Cryptocurrency is a type of digital money like Bitcoin. Phishing is when criminals try to trick you into giving them your personal information online. SIM-swapping is a trick where criminals transfer your phone number to a new SIM card to gain access to your accounts.


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