rebal15
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February 17, 2019, 08:03:48 PM

They
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Coinbase Wallet Users Can Now Back Up Their Private Keys on Google Drive and iCloud. How Safe Is It?


https://cointelegraph.com/news/coinbase-wallet-users-can-now-back-up-their-private-keys-on-google-drive-and-icloud-how-safe-is-it

Me




People
Quote
“At least it's not unencrypted private keys like what blockchain.info did some time ago by sending private keys as plain text over http. If this keeps some noobs from losing their coins and telling all their friends how stupid cryptocurrency is because they lost it all, I don't see a problem.”

Quote
“Players like Coinbase should not be encouraging this type of unsafe behavior. I understand the desire for a better user experience, but the worst user experience is one where people lose all their crypto assets due to theft.”

Wikileaks leaked  2022 Gov and coinbase COE discussion after BTC hit 45k$ in november 2021.

GOV: We need to know all your users holding balance.
Coinbase : We can not give you this informations directly,
GOV: Kraken gave us access to all their servers and databases. You, refuse to share some informations.
Coinbase: You can get them on google drive or icloud.
GOV : Sorry, we were not aware of that.
Coinbase : we have prepared it years ago.
GOV: You are very intelligent despite it's too risky.
Coinbase : We don't care about cryptocurrencies and users' fund.
GOV : We will accuse russian hackers if something wrong will happen.