A major security breach at Coinbase exposed sensitive customer data after foreign contractors took bribes from hackers. The crypto giant refuses to pay a $20 million ransom, leaving Americans’ private information vulnerable. This disaster shows the dangers of putting profits over national security.
Insiders working overseas sold out Coinbase users for cash. These foreign contractors stole names, addresses, and even copies of government IDs like driver’s licenses. While the company claims only 1% of users got hit, that’s still 100,000 hardworking Americans betrayed by greedy globalists.
The Biden administration’s weak border and immigration policies let this happen. Companies keep hiring overseas workers who can’t be properly vetted. Now regular citizens pay the price as their Social Security numbers and bank details float on the dark web. America-first hiring would’ve prevented this disaster.
Coinbase deserves credit for refusing the hackers’ ransom demand. Paying criminals only encourages more attacks. But where was their security team while foreign agents pillaged customer data? This failure proves big tech cares more about cheap labor than protecting loyal users.
Liberal ESG policies pushed companies like Coinbase to hire globally instead of investing in American workers. Now we see the results—foreign contractors with zero loyalty stealing from U.S. citizens. Those diversity quotas and “social responsibility” reports didn’t stop this breach.
Victims could face lifelong identity theft risks. Once your government ID gets leaked, there’s no getting it back. Families saving in crypto now wonder if their life savings are safe. This breach shakes trust in digital money—another blow from out-of-touch tech elites.
The $400 million cleanup cost will get passed to customers through higher fees. Main Street always pays when coastal corporations make reckless decisions. Meanwhile, the hackers laugh all the way to the bank while working Americans foot the bill.
Washington needs strong laws punishing companies that offshore critical security jobs. Until we put America first in hiring and data protection, these breaches will keep happening. Hardworking citizens deserve companies that guard their data like Fort Knox—not globalist bargain bins.
