Topic: Sad news - Coinbase is leaking your information - page 2. (Read 501 times)

Before joining and creating coinbase account there are have personal information have accepted by registered coinbase account, they have agree with privacy policy of coinbase, now coinbase will know detail with our data account and can access to our account. But coinbase have been trusted bitcoin site and never take our identity for publishing.

That's frightening, and I didn't know services like this existed.  I'm also wondering whether this was part of the reason Coinbase closed my account suddenly a few years back.  I don't use Airbnb or anything like them, but who knows what data Coinbase has access to and how they use it.  Yet another reason to say "fuck Coinbase!".

Also, fuck those companies like Sift who deal in consumer's information.  That's one of the most shady practices I've ever read about and they're probably more corrupt than all the credit rating agencies combined.  This is scary stuff.

You're right so if you don't want your personal information to be leak then don't share it to these companies and try to find alternative ways, simple as that. With regards on Coinbase privacy policy it is stated that as a user of their platform you are giving them authority to share your personal information with other parties which means you agree with Coinbase terms after you sign-up so there is no point if you argue with them.

Here is the link for Coinbase privacy policy: https://www.coinbase.com/legal/privacy

exactly the point,who should know?and besides whats the motive of this new and why they single our Coinbase ?what about other exchange and other company that involving cryptocurrency?
this isn't fair as surely everyone doing this cheating,thats why sometimes we are being surprised how emails comes to us when we are not expecting those.
but who knows?since they have our data's?and they can just simply sell the info to third party to use as tools to sneak our activities,and  must not be tolerated.

Who's safe when you are in the internet?
I don't think one is, unless you are using a lot of protection or even with it they could literally trace everything.

Now, the problem is leaking of information and whose fault is it?
Isn't that our own fault too for giving too much information to them just so we could use the best features of their companies?
That is why we are all here. We want privacy. We want freedom but yet this companies will need to abide by the rules of their government or else they will be shut down.

Since Privacy Policies were usually long that no one's read it, even they include this "INFORMATION FROM THIRD PARTY SOURCES
From time to time, we may obtain information about you from third party sources as required or permitted by applicable law, such as public databases, credit bureaus, ID verification partners, resellers and channel partners, joint marketing partners, and social media platforms." - https://www.coinbase.com/legal/privacy but the companies should know that they are not allowed to exposed our information especially that crypto is made to be anonymous even we do KYC it's only meant to comply in their rules ad to the government mandated laws so they should keep it privately and not sell it for their benefits.

Exchanges have always been the weak point in the crypto universe, whether it's data sharing or being hacked.

That's why we urgently need to build an ecommerce system that accepts crypto directly so you can just pay in bitcoin or doge or whatever and not have to use an exchange to convert your coins into fiat first.

That's not all. Coinbase is sharing your information with the IRS and probably any government agency that asks for it. I knew it for years. They are one of the most "helpful" exchanges in that matter.

On the the other hand your click stats and IP are not a private thing. When you accept TOS of any service these days you also accept that your data will be stored and processed.

Who is not sharing information? Even KYC information are gathered through third parties in some cases. Once you release personal information from yourself that means that information is already compromised more or less. It is not in your hands anymore and therefore it is not considered safe. Who will force these companies not to release them to third parties such as the government agencies asking for them? Will you be able to save your information to be submitted to the FBI or CIA for example if they request it?

What a bad news for those Coinbase wallet users and as well as for all crypto users like us because I can't find good thing on such news . Good for me because I'm not using Coinbase wallet however I don't feel that I'm purely safe either because I use FB lmao. How disappointing to know that even a digital wallet hides shady stuff and put ourselves at risk. Where's their conscience? .

This is one of the most common online privacy issues that exists nowadays. They twist the words and agreement to get away with it, but all it means is that they'll sell you data to third party companies such as those for advertisements. It mainly is because of the greediness of the company owner/s to more profit, and would disregard proper company ethics in their decisions because they know they'll still get away with it.

That's why it's always important to read the privacy policy of websites before we agree to them for all we know, our information which was supposed to be safe are being given out to who knows what but in the case of Coinbase I am sure that their customers agreed to it willingly and they can't be faulted if they didn't read their Privacy policy.

I am not surprised at all, as long as they won't frame me for something serious then it is no big deal for me. I wondered at first when I tried to play videos on youtube and browse on google chromes that every ad they had is related to what is somehow I am currently interested at such as gadgets and machines that I needed in my business. Somehow I now understand why they know this stuffs, it is because some other sites that I have visited is keeping track of my searches and put in the ads, may in some exchanges they sold your infos and the companies do the advertisements.

as long as our assets remain safe there is not a big problem, even if our personal domain is captured, is that dangerous?
just keep thinking positive, maybe they want to keep our asset ownership safe from unwanted things.

Not surprising, most companies do that. It is well known that even some VPNs, which are all about security, might sell your information to advertisers or the government. Especially free ones. Coinbase is primarily a company looking to make a profit, so they will sell whatever they can. Besides, i think that the SEC does require exchanges to provide information about their traders? That way, the authorities know how much you owe in taxes, right? So, with information about your financial situation being at their disposal, why wouldn't they also ask for your metadata and alike? The more info they gather on you, the better for them.

Even reputable exchanges and online platforms cannot be trusted now as what Coinbase is doing. Let say, if we are usually submitting KYC to various projects and Coinbase did this, how could we even trust those projects that are just beginning in the market? Well, it is better not to trust these since there are also decentralized projects that operate even without the need of KYC.

For more information about Exchanges that do not require KYC, Refer to this article:
https://beincrypto.com/top-cryptocurrency-exchanges-no-kyc/

I thought that only they would provide data to governments only if the transactions were of high monetary value, but watching everything you do is unacceptable. This means that the person does not have any privacy. Can't people go complain in court? because it violates people's fundamental freedoms

This is a big problem affecting many big companies and their shady treatment and management of the customers' data. Soon, there will be many laws that will address this big concern. In Europe, they already have that famous General Data Protection Regulation which started to take effect last year. Hopefully, USA will have its own version too that can essentially limit what companies can keep and what they can do with the data from the people they served or have contact with.

Coinbase is just one of the many who are exposing the data they gathered to other third-party platforms for commercial or non-commercial purposes. I am sure that other cryptocurrency-related platforms are also guilty of this same malady and this has to stop now. Maybe there is a need to sign a petition for Coinbase on this so they get aware that we are watching what they are doing and that we demand better way of data management on their side.

For those who are fond of doing KYC just because they want to get some few dollars from an ambiguous exchange. Am always cautions of my identity online and not to expose myself. We  must be cautions of these exchanges that are been use by government agencies to get investors data. The last thing I will do to get few dollars is KYC.

this is not new
even before the 'internt bubble' companies were sharing information

did you know your employer shares your information with other companies. such has how many repremands/promotions/payrises you had in work,whether you file grievances with other staff/management. your salary and your education/skills
(if a company has a professional HR department. expect your employment info to be shared)

this is because for a company to check someones cv/resume is accurate involves paying a college/university examination group an admin fee to verify you did actually get the results. this ends up with costing a company multiple fee's for multiple qualifications a potential employment interviewee may have. companies started to centralise that information and charge a lesser fee and made it faster and cheaper for other companies to find out if your information is accurate
(new employer asks old employer how accurate/truthful skills listed are, evolves into a business of its own buying and selling that info)

people thought pre millenium that only 'credit scores' contained details of their creditcard or mortgage details.. but now they find out phone companies, and contracted subscription services sell their information to credit report companies about if someone makes their regular payments, which affects your credit score too.

these days even landlords share info about their tennants

again even before the millenium retail stores and grocery stores that do 'loyalty schemes' would use and sell that info
so all this stuff aint new.. its been going on for the entire 'retail/goods and services' era of like the 1990's onwards
thanks to the internet making it easier to share info, rather than needing paper records and phone calls for references/checks

and so as the article says. even apple/google/facebook sells info about what apps people download and use and how often. we kinda accepted and knew that one as they didnt really hide it .. s we should all just accept if you do anything online expect it to be passed around

and yes its not just 'metadata' like a score. they actually keep the detailed stuff that the assumed score is based on

one last thing.
in the UK even the government share info. i know this because when moving to a new location and not even building up much of a 'consumer map' of what i do from my new location. i start getting junk mail directly linked to stuff that was information i could only assume was from the government. simply because on a certain form i mis-spelled my name. and suddenly junk mail was appearing addressed to the mis-spelled name