Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
OpenCover, a company that secured $4 million in seed funding with prominent investors such as NFX and Jump Crypto at the helm, recently received an additional injection of $200,000 in funding from Coinbase to enhance its launch on Base.
Coinbase (COIN) reported securing $57 million for their platform as of September 1, as detailed in an official filing with the SEC.
What happens if Coinbase gets hacked? First off, Coinbase WILL NOT GIVE YOU YOUR MONEY BACK. They say they have “insurance” but it’s only if the main site gets hacked, not your specific account. Listen, if your crypto gets stolen off Coinbase, it’s gone.
While you’ll be eligible for a refund from Coinbase in case the company’s error caused unauthorized transactions from your account, you won’t receive a refund if you shared your account info with a third party. Coinbase might lock your E-Money Wallet temporarily.
While Coinbase sure is doing a great job on the security side, it still doesn’t mean that they couldn’t get hacked in the future. Always remember: Exchanges get hacked all the time. As of now, there are a total of 45 hacked exchanges since 2011.
If you haven’t secured your Bitcoin account, it is possible that your account gets hacked and your Bitcoin gets stolen by an anonymous hacker.
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