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>What if a Coinbase insider steals from the cold wallet? That's the inherent risk with crypto. You have to resort to "leg-breaking" to get the thief to give up
by FLUX-YOU 9y ago
>What if a Coinbase insider steals from the cold wallet?
That's the inherent risk with crypto. You have to resort to "leg-breaking" to get the thief to give up the coin. Otherwise you'd need undue influence on the development and forking of the blockchain to get them back (if I understand it right -- I may not).
That's why many will say to not keep your coins on an exchange, because they are weaker businesses compared to existing financial institutions.
That's not to say you can't secure your investments properly, but to many, it takes a lot of time and effort to get it right.
It really is a "let the buyer beware" landscape.