I am sorry I missed that.

I decided to post it as all that news creates so much bad PR for crypto. Almost every week you read something disappointing. Stolen data, stolen money, stolen trust.

You don't have tobget worried of these kind of news if you're the type not interested in using a centralized exchange but if you're using a centralized exchange then always expect such continuous pop of this kind of news around ceaselessly because they have their privacy revealing policy and the attack they are prone to from hackers, if you uses them you're on your own, it's as risky as investing on a shitcoin from other cryptos, learn to have your bitcoin with you and not with exchanges.

It's true and unfortunate! However, in a real world business, no financial services firm can operate without "knowing their customer". That's the rule everywhere! I am sure companies are learning from their mistakes and they will make themselves better over a period of time to secure their user's data. But at this point, no legal entity can operate without implementing KYC framework. Unfortunately that's the law!

I believe, companies will be more serious about data security of the government starts imposing heavy financial penalty for each data breaches regardless of the fact why and how it happened. Then only these companies will take data security seriously and start investing there!

No, I do not use the Gemini exchange or sign-up. Though this type of data leak is not new to us, it is unfortunate that centralized exchange failed to project users' personal data, which is extremely harmful to us. It's also adversely affecting when we get random emails from scammers with phishing links. When it comes to centralized exchange of personal documents, we are helpless. Moving a decentralized exchange completely is difficult for a variety of reasons. But every incident involving centralized exchange reminds us that we are not safe there.