Crypto Chaos: Coinbase Users Are Losing Millions and Getting Blocked! 😱💸

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So, here we are, folks. A bunch of disgruntled Coinbase users are taking to social media—X, or whatever they’re calling it now—to air their grievances about unexpected account blocks. I mean, who doesn’t love a good surprise, right? 🎉

Apparently, Coinbase has decided that their “risk management” is more important than letting people access their own money. Shocking! Who knew that keeping your cash safe could be so… inconvenient? It’s like a bank that locks you out just because you might be a little too happy with your balance. 😒

$65 Million Stolen Amidst User Complaints And Account Restrictions

Enter ZachXBT, our crypto Sherlock Holmes, who’s pointing fingers at Coinbase’s “aggressive risk models.” Sounds fancy, doesn’t it? But really, it’s just code for “we’re making it hard for you to get your money.”

He did some digging and found that a whopping $65 million was stolen from users between December 2024 and January 2025. And let’s be real, that’s probably just the tip of the iceberg. I mean, who’s counting, right? 💰

One poor soul lost about $850,000 to a scammer who was so slick, they could sell ice to an Eskimo. They spoofed a phone number, used personal info from hacked databases, and pretended to be a Coinbase rep. Classic! It’s like a bad episode of a crime show, but this is real life, folks. 😬

And what did the scammer do next? Oh, just sent a fake email with a Case ID. Because nothing says “trust me” like a counterfeit email! They convinced the victim to transfer funds to a “Coinbase Wallet” while assuring them that “support” was on it. Yeah, right! 🙄

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2025-02-03 21:28