>Do not leave funds idle on exchanges or fiat on-ramps. I treated Coinbase like a bank account and you have absolutely zero recourse in the case of an attack. I knew the risks better than most, but never thought something like this could happen to me
I wonder why he'd think that. Disregarding the risk of you getting phished/hacked (which you can prevent), there's nothing you can do about coinbase getting hacked (eg. mt gox), running away with the funds, losing their funds because of incompetence (eg. quadrigacx), or locking your account and taking months to unlock.
I wonder why he'd think that. Disregarding the risk of you getting phished/hacked (which you can prevent), there's nothing you can do about coinbase getting hacked (eg. mt gox), running away with the funds, losing their funds because of incompetence (eg. quadrigacx), or locking your account and taking months to unlock.