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BREAKING: Coinbase Hacked for $20 Million in Bitcoin?!
Just days after joining the S&P 500, Coinbase has been rocked by a $20 million Bitcoin extortion attempt involving internal support staff leaking sensitive customer data. CEO Brian Armstrong confirmed that attackers bribed overseas contractors to access user info, but Coinbase isn’t backing down. They’ve flipped the script and are offering a $20M bounty to catch the culprits. In this episode, Rustin breaks down the breach, exposes the real risks of centralized exchanges, and reminds us why not your keys, not your coins isn’t just a meme, it’s survival. Plus: major Bitcoin bullish calls, a roast of Financial Times’ tooth comparison, and why the fiat system is crumbling. SEND IT.
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Your IT Team In The Bitcoin World: The Bitcoin Way is a specialized IT team providing individuals and businesses with exceptional guidance and technical support. With over 20 years of expertise in cybersecurity and privacy, they excel at simplifying the intricacies of Bitcoin. The Bitcoin Way's mission is to empower individuals to utilize Bitcoin effortlessly while maintaining complete control over their funds.
CHAPTERS:
00:00 – Coinbase Hit with $20M Bitcoin Ransom
01:15 – Brian Armstrong Responds: “We Will Not Pay”
03:42 – How the Hack Happened: Bribed Support Agents
05:50 – What Info Was Stolen?
07:18 – Coinbase Offers $20M Reward for Arrest
09:05 – Self-Custody or Get Wrecked: Bitcoin Way PSA
12:33 – Scaramucci and Hogan: $200K Bitcoin Incoming?
14:15 – Jim Chanos’ Bold Trade: Long BTC, Short Saylor
16:55 – PPI Print Screams Rate Cuts – Bitcoin Win?
18:45 – Financial Times Compares Bitcoin to… Teeth? WTF
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