This is the wrong take. Organizations of all sizes get hacked, including every US government agency from the IRS to State Department. Protecting all data is a Sisyphean task. Coinbase DOES NOT WANT to have most of this kind of data, it's a huge liability (clearly). They

Michael Arrington
@arrington
05-20
I am a long time investor in and champion of @coinbase. Something that has to be said though - this hack - which includes home addresses and account balances - will lead to people dying. It probably has already. The human cost, denominated in misery, is much larger than the $400m

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