Topic: Sad news - Coinbase is leaking your information - page 3. (Read 501 times)
legendary
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More or less, every big giants are doing these and that's why I never supported any KYC formation. Regading coinbase, I think it was long before I have read one news where they wrote Coinbase is leaking personal information of their clients.
I think this has become a habit of a place of exchange that always tries to do that, he tries to make money for his platform too so that it can make the platform good, there are many other places of exchange like that, it's just that it's not so exposed that few people know about it.
Will other exchanges follow their leads? @OKEX
I don't think so - it only seems like Coinbase is one of the companies that leaks user data more than the other ones, most other exchanges don't do this on purchase as Coinbase, and are happy with how much they make off their users, unlike... I wonder how much companies like Coinbase actually make off this, going by what Facebook does, I'm assuming it's worth a pretty penny per user, just would like to know how much..
Coinbase is sharing information about your account with third parties, which may include information such as: how often you open the app, which devices you open it from, and what the IP address of those devices is. Absolutely unacceptable behavior.
I think it's natural for Coinbase to divulge our information to third parties and that is one of the characteristics of Coinbase as before, today we have found many other applications or sites that also track IP addresses or track our handheld devices, even if they make decisions like that, but currently there are no coinbase users who make them lose or have their data misused by that party.
This is one of the reason why DEX will be the thing in the near future. I'm sure Coinbase is not the only exchange that do this. I think almost all centralized exchange are doing this too. It's kind of sad but if they benefit or profit from doing this, then it will not stop at all. The only way for people to avoid this is to use decentralized exchanges.
Will other exchanges follow their leads? @OKEX
Old news, but If you think Coinbase and Facebook are the only ones doing this, sadly, you’re mistaken. They’re just the only ones in the news. It would not surprise me at all if Google, Amazon, Twitter, or any large corporation does the exact same things.
However, It's not okay that they passed the information to 3rd parties. Won't use it anymore, even though it doesn't matter already. So do they do the same with personal info? personally, i don’t see the big deal as long as that information is in no way directly related to personal identifiable information. sharing information, for example, about how often an app is opened on average across thousands of users for trend analysis info, it's no big deal. as long as no personal information is shared I have no problem.
However, It's not okay that they passed the information to 3rd parties. Won't use it anymore, even though it doesn't matter already. So do they do the same with personal info? personally, i don’t see the big deal as long as that information is in no way directly related to personal identifiable information. sharing information, for example, about how often an app is opened on average across thousands of users for trend analysis info, it's no big deal. as long as no personal information is shared I have no problem.
It's not surprising that Coinbase would be involved in these sort of services, and they are one of the companies that are all about the bottom line, and maximizing their profits, even at the cost of the customer if it's necessary.
Some of this is unnerving though, I can't believe they would give these "credit check" companies this much information about their customers, but to be honest, I don't think any of them would bother with doing verification themselves, it'll be much too expensive and this is likely why they are working with all of these obscure companies.
Some of this is unnerving though, I can't believe they would give these "credit check" companies this much information about their customers, but to be honest, I don't think any of them would bother with doing verification themselves, it'll be much too expensive and this is likely why they are working with all of these obscure companies.
Tbh, I get that, but I'm surprised they didn't factor in cost–benefit analysis of the risk of the public becoming vaguely aware of the information being sold.
I mean, this isn't exactly the best industry to try to pull something like that in.
It's not surprising that Coinbase would be involved in these sort of services, and they are one of the companies that are all about the bottom line, and maximizing their profits, even at the cost of the customer if it's necessary.
Some of this is unnerving though, I can't believe they would give these "credit check" companies this much information about their customers, but to be honest, I don't think any of them would bother with doing verification themselves, it'll be much too expensive and this is likely why they are working with all of these obscure companies.
Some of this is unnerving though, I can't believe they would give these "credit check" companies this much information about their customers, but to be honest, I don't think any of them would bother with doing verification themselves, it'll be much too expensive and this is likely why they are working with all of these obscure companies.
Coinbase is sharing information about your account with third parties, which may include information such as: how often you open the app, which devices you open it from, and what the IP address of those devices is. Absolutely unacceptable behavior.
Source: NY times https://www.nytimes.com/2019/11/04/business/secret-consumer-score-access.html
Source: NY times https://www.nytimes.com/2019/11/04/business/secret-consumer-score-access.html
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