ChainCatcher news, according to Decrypt, TechCrunch founder Michael Arrington stated that the recent data breach at Coinbase could pose a serious threat to user safety. He pointed out that the leaked information includes users' home addresses and account balances, which could make high-net-worth cryptocurrency holders targets for crimes such as kidnapping.Arrington emphasized that regulators should reassess mandatory KYC (Know Your Customer) data collection policies and called for criminal accountability for executives who fail to adequately protect customer information. Former Coinbase CTO Balaji Srinivasan also noted that government-mandated KYC data collection could be the root cause of such risks.Coinbase previously disclosed that overseas customer service personnel were bribed to leak user data, after which hackers attempted to extort $20 million in Bitcoin. The company refused to pay and offered a reward of the same amount to capture the criminals, while also promising compensation to affected users. The U.S. Department of Justice has launched an investigation into this matter. Former Coinbase CTO Balaji Srinivasan pointed out that the fundamental issue lies in the government-mandated KYC data collection system.

ChainCatcher news, according to Techcrunch, the X platform (formerly Twitter) has raised the price of its premium subscription service Premium+ by 37.5% to $22 per month, marking the largest increase since Musk acquired the platform in 2022. The price adjustment will take effect in the U.S. market starting December 21, and existing users can maintain the original price until January 20, 2025.