Slashdot Mirror
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.
It looks like a hack to drive up the price of Crypto. A new age pump and dump. Instead of banding with a group of friends, hack coinbase accounts to buy the coin you are trying to pump. Even if Coinbase detects it and returns the funds after a few days you have succeeded in pumping up the coin. Litecoin went up 30% yesterday while rest of the market was up 10%
**Life is too short to be serious**
Irrelevant to this story, I recently had Amazon try to wipe me out with a ~$3000 price on an item that had been subscribed for > 1 year... guessing someone flubbed a price change or something. Dunno what's up with this :L
There is no XUL, only WebExtensions...
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.
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.
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.
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 :)
**Life is too short to be serious**
God I hope we hit peak cryptocurrency soon and I can stop seeing these goddamned fucking stories about how broken it is.
You wanted to play in an unregulated financial industry ... Well, you got it. Now shut the fuck up about it.
You're not dealing with banks, or real financial institutions, you're dealing with wannabe internet millionaires with no experience in the financial industry. If you get ripped off, this is precisely what you wanted when you said how awesome it was that it was free from government interference.
Awww, you mean you didn't know it was an unregulated financial market? Do your goddamned homework.
Do you people not understand that none of the protections you get from the actual banking industry apply here? You're in the wild west of crooks, thieves, idiots, and assholes.
I'm afraid my sympathy for people finding this out the hard way is pretty much exhausted. Now I just find it fucking hilarious.
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.