DeFionance founder: Frequent requirement for KYC refresh makes Coinbase a 'honeypot' of important user information

According to BlockBeats, on May 15th, Arthur, founder and chief investment officer of DeFinance Capital, posted on the X platform stating that "Coinbase really needs to solve their problems. If the Coinbase platform eventually becomes a honey pot for important user information, there is no reason to demand continuous KYC. BlockBeats previously reported that hackers had stolen some personal information of less than 1% of active users on Coinbase by bribing overseas customer service personnel, but did not involve passwords, private keys, or funds. Coinbase refuses to pay $20 million in ransom and sets up a $20 million bounty fund to track down attackers. Affected customers who are deceived into transferring funds due to fraud will receive compensation.