Founder of DeFiance Capital: Coinbase has no reason to require users to constantly undergo KYC verification

ChainCatcher news, DeFiance Capital founder and Chief Investment Officer Arthur posted on X platform stating that Coinbase really needs to address their issues. If the Coinbase platform ultimately becomes a honeypot for users' important information, there is no reason to continuously require KYC.

According to previous reports, hackers obtained some personal information of less than 1% of Coinbase's active users by bribing overseas customer service personnel, but did not involve passwords, private keys, or funds. Coinbase refused to pay the $20 million ransom and set up a $20 million bounty fund to track down the attackers.