Australian telecoms company Optus has had a HUGE data breach with 11million peoples data stolen, including passports and drivers licences. This stolen info can be used as verification for a number of different things such as opening up credit cards or identity theft.
The hackers have issued out a $1m ransom to be payed in Monero in 1 week or else they will release the information.
This sort of thing gives crypto an even worse reputation than it already has. Are crypto privacy coins just being used for illegal activities? At this point, it seems crypto’s are just causing more harm than good?
What are your thoughts on privacy coins in general? Is full autonomy actually helpful or does it provide hackers a pathway to commit cyber crimes without any repercussions?
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