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Coinbase Security Lapses Spark Fresh Debate on Crypto Exchange Safeguards
Security incidents involving Coinbase have highlighted insider risks and phishing threats, intensifying calls for stronger cybersecurity standards and user protection across cryptocurrency exchanges.
Recent law enforcement actions linked to Coinbase have renewed scrutiny on cybersecurity risks in cryptocurrency exchanges. Authorities arrested a former customer support employee in India over insider involvement in a major data breach, while separate investigations probe phishing attacks that defrauded users of millions. Although customer funds were not directly compromised, the incidents exposed weaknesses in insider controls and user protection, reinforcing calls for tighter security protocols, stronger monitoring, and greater user awareness across digital asset platforms.