According to ZachXBT, Coinbase has experienced security vulnerabilities, including a bug that allowed verification codes to be sent from an official Coinbase email to any email address. This could potentially be exploited to trick users, highlighting unique security challenges compared to other US-based exchanges. Implementing alternatives to the current phone number verification could reduce these issues.

According to ZachXBT, Coinbase has experienced significant security issues that are not commonly found in other US-based exchanges. One notable bug allowed verification codes to be sent to any email address from an official Coinbase email, potentially tricking users. ZachXBT suggests that implementing an alternative to the current phone number requirement could reduce these occurrences, which is crucial for traders relying on secure platforms. Source: ZachXBT.