According to ChainCatcher, Arthur, founder and chief investment officer of DeFiance Capital, posted on X platform stating that Coinbase really needs to address their issues, and if the Coinbase platform ultimately becomes a honeypot of users' critical information, there is no reason to continuously require KYC.
Previously, hackers stole personal information from less than 1% of Coinbase's active users by bribing overseas customer service personnel, but did not involve passwords, private keys, or funds. Coinbase refused to pay the $20 million ransom and established a $20 million reward fund to track down the attackers.
