Coinbase Security Breach Highlights Insider Threats and SIM Swapping Risks

The recent Coinbase breach raises alarm but is not entirely unexpected, as it appears that insiders, rather than direct hacking, facilitated the incident. This suggests a vulnerability rooted in the trust and internal security measures of the platform. The risk extends further, considering common attack vectors like SIM swapping, where compromised insiders can enable access to user accounts through SMS verification. Given the nature of cryptocurrency — being digital and decentralized — such security lapses are particularly troubling, as they can lead to irreversible losses. Users should always remain vigilant and adopt strong security practices to protect their assets.