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Coinbase was hacked last week.
And while loss of funds seem to be a low fear here, there’s something even worse: A complete criminal road map.
Imagine this….
Imagine a criminal suddenly was told how much crypto you own, along with your full name, address, phone and email address.
I don’t think you have to be a criminal mastermind to predict what might happen next, do you?
Bingo — a repeat of this story I just covered yesterday:
Man Kidnapped At Gunpoint, Three “Teenagers” Steal $4 Million In Crypto!
That’s EXACTLY what just happened to Coinbase:
Yeah so uh this Coinbase hack was pretty bad. Imagine knowing a guy owns $1MM in Bitcoin and have having his: https://t.co/VnFArSRSxD pic.twitter.com/VsUcyV7iDN
— Mike Shelby | Gray Zone Research (@grayzoneintel) May 20, 2025
Michael Arrington is a long time investor in Coinbase and even he took to Twitter/X to warn about the massive safety risk this has just created:
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… pic.twitter.com/ruSYKAGH7x
— Michael Arrington (@arrington) May 19, 2025
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 or so they think it will actually cost the company to reimburse people.
The consequences to companies who do not adequately protect their customer information should include, without limitation, prison time for executives.
Very disappointed in Coinbase right now. Using the cheapest option for customer service has its price. And Coinbase’s customers will bear that cost.
So what does that last paragraph mean?
Well, that’s allegedly how the criminals stole all the information.
According to current reports, they didn’t “hack” some complicated system, they just bribed poorly paid Support Staff working for Coinbase in 3rd world countries.
Take a look:
Coinbase was hacked last week.
The attackers have private customer data and want a $20M ransom.
They didn’t use complex code – they simply bribed overseas support staff.
This unfortunate incident highlights why we need a better approach to identity verification in crypto.
To… pic.twitter.com/Og7KYXddX6
— Sergey Gorbunov (@sergey_nog) May 20, 2025
Coinbase was hacked last week.
The attackers have private customer data and want a $20M ransom.
They didn’t use complex code – they simply bribed overseas support staff.
This unfortunate incident highlights why we need a better approach to identity verification in crypto.
To their credit, Coinbase handled the situation professionally:
• Refused to pay the $20M ransom
• Offered their own $20M bounty on the attackers
• Immediately fired compromised employees
• Promised to reimburse affected customers
But this incident reveals a deeper industry challenge.
The problem isn’t Coinbase – it’s the fundamental tension between KYC (Know Your Customer) regulations and security.
When exchanges must collect and store sensitive customer data, they are unintentionally creating valuable targets for attackers.
The very regulations designed to protect users have created massive digital honeypots for criminals.
The good news? Privacy-preserving technologies for identity verification already exist.
Zero-knowledge proofs (ZKPs) allow users to prove regulatory compliance without exposing their raw personal data. This would allow users to authenticate their identity without actually having to provide any personal information to the vendor.
Here’s how these systems work in practice:
Instead of giving your passport and personal details to every platform you use, you could have these credentials verified once by a trusted authority.
Then, using ZKPs, you would generate cryptographic proofs that confirm specific facts (like “I am over 18” or “I am not a prohibited person”) without revealing any additional information.
With ZKP-based KYC systems (zkKYC):
• Users control their own identity data
• Exchanges verify compliance without storing sensitive information
• Regulators get necessary oversight
• Hackers have nothing valuable to steal
Projects like
@PrivadoID
and zkLogin are already pioneering such solutions.
These technologies align perfectly with the original ethos of cryptocurrency: decentralization, user sovereignty, and cryptographic security.
Protecting user data isn’t at odds with regulatory goals – it’s actually essential to achieving them. With the right technology, security, privacy, and compliance can coexist.
This incident is an opportunity to accelerate the adoption of privacy-preserving technologies.
Reuters confirms:
The U.S. Department of Justice has opened a probe into a recent breach at the world’s largest cryptocurrency exchange Coinbase Global (COIN.O), opens new tab, the company said on Monday.
“We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges against these bad actors,” said Paul Grewal, Chief Legal Officer, Coinbase.
“Coinbase is not under DOJ investigation, DOJ is investigating the criminal actors,” a source told Reuters on Monday.
The company last week said it received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal documents. It expects a hit of $180 million to $400 million from the cyberattack.
Coinbase has said the attackers stole some data, including names, addresses and emails, but they did not get access to login credentials or passwords.
Folks, there’s a reason I’ve been talking about Caleb & Brown so much recently….
It’s one thing to have bad Customer Support. It’s clear Coinbase and most of the industry have very poor Customer Support.
Almost impossible to get anyone on the phone when you need them. Like almost non-existent.
But even that pales in comparison to what happened here.
It’s one thing to not get support when you need it (that’s bad) but it’s an entirely other thing when the crappy support you do hire overseas actually becomes the weak link and let’s the criminals right through the front door!
I sure hope no one reading this has a lot of money in Coinbase, because if you do it appears as though a very nefarious criminal organization knows your balances and home address.
Might be wise to be very aware of your surroundings over the next few days, weeks, months?
Might also be wise to do what I recommended a few weeks ago, which is to get your money and crypto the hell out of places like Coinbase and other online exchanges and move them over to a SAFE place like Caleb & Brown.
Actually, I should say I’m probably preaching to the choir for a lot of you, because in just a couple weeks HUNDREDS upon HUNDREDS of you have already signed up and started the switch over to Caleb & Brown.
Congrats to all of you!
For everyone else, here’s how and why to switch:
FINALLY! Safe, Secure, Insured, Regulated Crypto…Here’s Exactly What You Need To Do
FINALLY! Safe, Secure, Insured, Regulated Crypto…Here’s Exactly What You Need To Do
A couple days ago, I made a Special Announcement that I finally have a solution for all of you who have been asking for help in buying crypto SAFELY and SECURELY….and most importantly with the help of a human being!
Gee, what a novel concept right?
Each time I’ve talked about crypto over the last 5+ years, or had people like Bo Polny on my show, I inevitably get many of you writing to me to say you would love to dip your toe in the water and get some crypto, but it’s far too confusing and you don’t want to do it yourself and hope and trust that some random computer code stored on your phone or on a keychain somewhere will be safe when you need it.
I totally get it, I feel the same way.
Until recently, I didn’t have a good solution for you but now I do!
I now have a safe, secure, insured and highly-regulated solution for you that not only prioritizes safety and security but they also give you your very own personal broker assigned to you!
You can talk to them on the phone whenever you want, as much as you want (within reason I suppose).
You can call them, email them, and you’re always dealing with a HUMAN BEING!
But not a random human being either, it will be your dedicated broker, so they know you personally. They build a relationship with you, and you with them.
How cool is that?
The company is called Caleb & Brown and the have a perfect 5.0 rating on Google:
And a near-perfect 4.9 rating on Trustpilot:
To make sure you are in the right place, I created a custom link that will take you to my custom page, it’s right here: https://SafeWithNoah.com
And when the page loads it will look like this and you’ll see my name and logo at the top.
That’s how you know you’re in the right spot.
Now let me show you a little more about what I mean….
Watch this short clip to see what it’s like having your own personal broker plus 24/7 live human support for anything you ever need:
Amazing right?
Real humans….
…not a random call center in India.
Your personal rep who knows you! Knows your history. Knows your level of expertise. Knows what you like to trade.
Oh and did I mention they get better pricing on purchases and sales than anyone else?
Watch this:
No more getting burned on “the spread” when you buy and sell!
My custom FREE signup link is here: https://SafeWithNoah.com
Now for those of you who want to go DEEP, I’ve got you covered.
A bunch of you have emailed me in the past few days asking questions like “Are they registered in the USA?” “How are they actually safe?” “What security measures do they use to guarantee safety?”
I’m glad you asked!
Let’s go deep….
🔒 Security Practices
1. Institutional-Grade Custody (Fireblocks)
Caleb & Brown uses Fireblocks, a well-known digital asset security platform.
Fireblocks uses Multi-Party Computation (MPC) technology, which fragments private keys and stores them securely across multiple parties.
This system has been widely adopted by banks and hedge funds for secure crypto storage.
2. Proprietary Cold Storage
For assets not supported on Fireblocks, the company uses offline cold storage methods.
These are air-gapped, hardware-based systems to keep assets inaccessible from online threats.
Since inception, the firm has reported zero security breaches.
3. Segregated Client Funds
Client crypto holdings are not pooled or lent out.
Caleb & Brown does not participate in DeFi lending, staking, or yield-generation schemes with client funds.
Each client has their holdings segregated from company assets, reducing counterparty risk.
4. Secure Trading Infrastructure
Trades are routed through a secure aggregation platform that connects to global liquidity providers.
This ensures competitive pricing and minimizes slippage or execution risk.
All trade activities are monitored for suspicious behavior.
🛡 Client Protection & Risk Management
1. Personal Brokers
Every client is assigned a dedicated broker who facilitates transactions, provides market insights, and guides portfolio strategies.
This one-on-one model reduces the risk of operational error or fraud from impersonation.
2. Transparent Fees
All trades are conducted with a fixed brokerage fee disclosed upfront.
No hidden fees, slippage costs, or overnight holding charges.
3. Audit & Financial Oversight
4. No Lending Policy
Unlike many exchanges or custodians, Caleb & Brown does not lend out your crypto.
This helps avoid the risks associated with counterparty default, as seen in other high-profile crypto collapses.
🏛 Regulatory Compliance
Australia
Caleb & Brown Pty Ltd is fully registered with AUSTRAC (Australian Transaction Reports and Analysis Centre).
This includes compliance with Australia’s AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing) laws.
The company actively engages with Australian Treasury consultations to promote consumer protection and clearer crypto regulations.
United States
Caleb and Brown Limited is registered with the National Multistate Licensing System (NMLS #2560370) and is in the process of obtaining money transmitter licenses in multiple U.S. states.
Their U.S. Terms of Service include binding arbitration clauses, adhering to U.S. consumer protection standards and regulatory best practices.
The company has structured its U.S. operations to follow local state laws regarding digital asset custody, taxation, and anti-money laundering.
Worldwide
The firm services over 100 countries and adapts its onboarding and compliance practices according to the jurisdiction of the client.
KYC (Know Your Customer) and AML checks are applied rigorously, and all client documentation is reviewed for international compliance.
Caleb & Brown does not operate in regions with prohibitions on digital asset trading or custody.
Nice, right?
My custom FREE signup link is here: https://SafeWithNoah.com
Here’s what I would encourage you to do right now…
Go over to that page and create an account, it’s 100% free to create an account.
Two reasons why…
First, it’s free and it gets your foot in the door.
Caleb & Brown has over 35,000 customers in over 100 countries across the world, and they’re growing very fast. While I don’t have any inside information to expect they might close or slow down registrations or put people on a wait list, I’ve seen that happen with fast-growing companies before, especially in crypto.
Think about it, if everyone gets assigned a personal broker, there is eventually some limit where they need to slow down new accounts to make sure service levels remain high.
So creating an account gets your foot in the door and it’s free.
You don’t even have to fund the account right now, you can just create it.
Second, that leads into the second big thing which is having your first call with your personal broker.
Once you have an account, the broker that gets assigned to you is going to reach out and want to chat with you, get to know you.
They’ll want to learn how familiar you are with crypto and how they can help you in your journey.
It’s a long-term partnership and they want to kick it off on the right foot.
They customize EVERYTHING to meet you where you are in your crypto journey.
So create the account and have this first call.
In fact, you can have as many calls and emails as you want with your broker as you go forward.
They’ll answer your questions, show you market research, tell you what they think and what they see, and help you get comfortable moving forward with crypto.
I think you’re really going to be impressed and blown away by the level of service they provide, even if they see you don’t have a single dollar in your account, they don’t care. Service comes first.
I am so confident in that that I’m asking everyone to create and account, have your first call or calls with your broker and then email me at noah (at) dailynoah (dot) com and tell me how it went!
I think you’re going to be very pleasantly surprised and I want to hear about it.
So create the account, get your foot in the door, have your first call or calls, and then email me with the results!
Sound good?
My custom FREE signup link is here: https://SafeWithNoah.com
And now for people who prefer video, please enjoy this livestream I did recently where we go into more detail.
Here are two comments that just came in from people who already have an account and they say this about the service:
Yes indeed, thank you both for sharing your experience!
That has certainly been my experience as well.
Want in?
CREATE YOUR FREE ACCOUNT HERE (My Safe Signup Link)
Now here’s the video, please enjoy:
Backup video here with captions added if you prefer.
Here you go:
This is a Guest Post from our friends over at WLTReport.