Comment by TheBozzCL
17 days ago
TBH, this just sounds to me like the crypto industry is discovering, yet again, why the banking and credit card industry have all this red tape and supply chain security.
Like sure, they're not fully immune... But at least I can call my bank and show them that I didn't suddenly fly from New Mexico to Florida to buy $200 in gift cards from a gas station in the middle of nowhere.
Crypto MUST deal with fraud and hacking if they want to become reliable. At that point, they'll just become another bank with a casino attached.
Most banks in the US still use SMS password reset.
PNC is so bad they even have “secret question” password reset, last time I saw it, e.g. “what’s is the name of your cousin”