Calling it "digital identity theft" misidentifies the victim. It's login fraud, and Coinbase was duped into transferring $24M bitcoin due to slipshod authentication.
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Michael Terpin has no reason to sue, cuz he never had anything to begin with. #NotYourKeys #NotYourBitcoin, etc
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Both service providers opted for convenience over security, however only one actively trained its users to believe that SMS was secure 2FA.