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.

SPONSORS
🎟️ Bitcoin 2025 Conference
https://b.tc/conference/2025
Promo Code "SIMPLY" 10% off

Get Your Tickets to the Biggest Bitcoin Conference on The Planet in Las Vegas at The Venetian May, 27-29, 2025

⚡️THE ORANGE PILL APP
https://www.orangepillapp.com
- Meet local Bitcoiners
- Find local Bitcoin events
- Find local merchants that accept Bitcoin
- STACK FRIENDS WHO STACK SATS

🛠️ The Bitcoin Way
http://thebitcoinway.com/Simply
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

✓ SUBSCRIBE - https://bit.ly/3QbgqTQ
✓ LEAVE A LIKE
✓ COMMENT

Follow Us:
► https://twitter.com/SimplyBitcoinTV
► https://simplybitcoin.substack.com
► https://x.com/SatsforLife

DISCLAIMER: All views in this episode are our own and DO NOT reflect the opinions/views of any of our guests or sponsors.

Copyright Disclaimer Under section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. If you are or represent the copyright owner of materials used in this video and have a problem using said material, please contact Simply Bitcoin.