Coinbase Hack Explained: How Safe Is Your Crypto Really?

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Although there are small 'x' letters in the crypto market, but see, there are big level hacks in the big crypto exchanges and today there has been a big hack in the Coinbase crypto exchange and after that, the hacker had demanded a big ransom but refused to sell the coin and see, whenever there is a big exchange hack, then they handle it because see, the big exchange has a lot of money but it becomes very difficult for the small exchange, a few months ago or last year, the account was hacked in a crypto currency exchange named WazirX and in that too, many millions of dollars were stolen, but see, they did not take any responsibility of any kind and they also restred the funds of the users. And even now, users may not get their pure friends properly; in such a situation, their trust in the exchange is lost.

Everyone wants that the place where they keep their money should be a safe place, and their money should be safe there, but look, whatever crypto money they have after hacks, they refund it to their users, many exchanges refund it after years, which is a matter of great happiness for the users. But look, often if any person trusts an exchange, then a chain reaction starts taking place and people lose trust in it, look, Coinbase and Binance are very big exchanges and look, the big hackers make very good profits through social engineering and this is seen everywhere and it is said that its links are connected to South Korea.

Some people even claim that the South Korean government itself encourages the people there to do such big hacks. Well, till now a lot of hacks have been done and sometimes there are some hacks which get highlighted like today's one has been highlighted because it was around 400 million, oh brother it is a very big number, yes for some people it may not be a big number but look, if you look from the perspective of a big mind, then it is a very big number and like I also have to do a little cute exchange to recover all these. If in such a case the exchange takes decisions in favour of the users, then in this case the trust of the users increases, but if, on the contrary, the exchange takes such steps that the users are harmed or they are hurt in some way, then it does not prove good for them.