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[Link] Hackers drain cryptocurrency accounts of thousands of Coinbase users

Read: 10/10/2021 www.pcgamer.com

Between March and May of 2021, hackers managed to get into the accounts and move funds off the platform, draining some accounts dry. Thousands of customers had already begun to complain to Coinbase that funds had vanished from their accounts.

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[Link] Coinbase Goes Nuclear After SEC Threatens to Sue Over Crypto Loans

Read: 8/9/2021 www.vice.com

Notably, the fine print states that Coinbase is not a bank and funds lent through the service would not be protected by FIDC or SIPC insurance, which insure funds held in US savings accounts and financial instruments like stocks, respectively.

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