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Coinbase is Erratically Overcharging Some Users and Emptying Their Bank Accounts

A growing number of Coinbase customers are complaining that the cryptocurrency exchange withdrew unauthorized money out of their accounts. From a report: In some cases, this drained their linked bank accounts below zero, resulting in overdraft charges. In a typical anecdote posted on Reddit, one user said they purchased Bitcoin, Ether, and Litecoin for a total of $300 on February 9th. A few days later, the transactions repeated five times for a total of $1,500, even though the user had not made any more purchases. That was enough to clear out this user's bank account, they said, resulting in fees. [...] Coinbase representatives have been responding to similar complaints on Reddit for about two weeks, but the volume of complaints seems to have spiked over the last 24 hours. Similar complaints have popped up on forums and Twitter.

7 of 144 comments (clear)

  1. Bit Con by Anonymous Coward · · Score: 2, Funny

    Too funny.

    At least you can plant a tulip and watch it grow into something beautiful.

    1. Re:Bit Con by I'm+New+Around+Here · · Score: 3, Funny

      Gonorrhea and chlamydia?

      --
      If you think I voted for Trump because of this post, you're wrong. I voted for Dr. Jill Stein of the Green Party. Again.
  2. obCasablanca by cascadingstylesheet · · Score: 5, Funny

    I am shocked, shocked that linking my bank account to some random website that deals in imaginary currency could have ill effects.

    {Your pyramid scheme winnings, sir}

    Thank you.

  3. Implosion by Major_Disorder · · Score: 3, Funny

    Since I never jumped on the crypto currency bandwagon, it is kind of fun to watch the entire crypto currency ecosystem implode.

    --
    First law of people: People are generally stupid.
  4. Crap! by Gravis+Zero · · Score: 3, Funny

    I'd like to issue an apology for this mishap. Some accounts were incorrectly charged because browsers were using a cached version of the site. To fix this problem, flush your cache, then load the site and your bank account will be properly drained of it's funds. ;)

    --
    Anons need not reply. Questions end with a question mark.
  5. Re:Crypto bubble by DontBeAMoran · · Score: 5, Funny

    Litecoin went up 30% yesterday while rest of the market was up 10%.

    That's probably my fault, I bought 0.3 Litecoin yesterday morning.

    --
    #DeleteFacebook
  6. Re:I had a fun coinbase experience too by ghoul · · Score: 3, Funny

    Buys Crypto Currency
    Looks like an irresponsible idiot

    I think the two go together. Your vendor got exactly the right impression.

    But hey its the irresponsible idiots who change the world. I too have Crypto holdings :)

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    **Life is too short to be serious**