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Coinbase lays off nearly 700 workers in 'AI-native' restructuring
(www.engadget.com)
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this post was submitted on 06 May 2026
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Non-technical teams are shipping production code? Oh boy this is going to be biblical isn't it?
Get ready for people losing all that was in their wallets.
Sounds like every crypto firm.
I just dont think anything can happen, because the majority of the keys are airgapped. The insurance then covers the online keys.
This is typical capitalism, dont maximize for quality when you can sidestep the repercussions.
I wouldn't underestimate the security holes that spaghetti AI code will create. Hackers have had a motivation to get creative solving those problems for a long time. E.g., a persistent logger or listener over an extended time to collect rarely used keys when they production cross the air gap, for a single catastrophic hack later?
Ultimately in a code-illiterate world, the code-literate hacker is king.
Ya good point.
Yes. Whoever is the last human working at CoinBase sure would sure have an interesting day, having to deal with all that unclaimed BitCoin after AI deletes all their records.
This'll be interesting.