this post was submitted on 06 May 2026
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This is a weird one, because (in my experience) CoinBase was already wildly incompetent, before this.
How can they sacrifice all of their competence on the alter of AI, if they have no competence to sacrifice? One can't re-delete the customer database after it has been deleted, if there wasn't a backup.
One could be left with no choice but to disappear with all that BitCoin, I suppose.
I'll be watching this with popcorn in hand.
Chinese is already in violation of so many banking laws. But no one seems to want to hold them accountable. Their customers lose money from hackers all the time.