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Bitcoin wallet COINBASE now seizing accounts of Americans… users rage against “total ripoff” as their Coinbase accounts VANISH

June 13, 2017 -

In effect, Coinbase is "stealing" Bitcoins from users by locking them out of their own accounts, preventing them from accessing their Bitcoin balances even if they move to another state. Users are raging against the "ripoff" and the "theft" in user comments (see some examples below).How Coinbase "steals" Bitcoins from its own users and locks them out

When Wyoming-based users attempt to log in and see their Bitcoin balances, they are greeted with a Coinbase ...

Coinbase to suspend all accounts on August 1st as “civil war” hard fork hammers Bitcoin… massive fraud now the norm at Coinbase

July 19, 2017 -

Coinbase is currently taking WEEKS to respond to urgent queries, I'm being told, and they provide no working mechanism whatsoever for users in Wyoming or Hawaii to change their state of residency. When those users attempt to login to upload new IDs or change their address, they are given "Unable to create account" errors which state that "Coinbase has indefinitely suspended its business..." in their old state. In effect, Coinbase has stolen all the Bitcoins ...

Coinbase data breach exposes high-value crypto holders to cyber criminals

May 28, 2025 - coinbase. Something that has to be said though, this hack, which includes home addresses and account balances, will lead to people dying. It probably has already. The human cost, denominated in misery, is much larger than the $400m or so they think it will actually cost the company to reimburse people. The consequences to companies who do not adequately protect their customer information should include, without limitation, prison time for executives. Very disappointed in Coinbase ...

Coinbase announces second mass layoff – 20% of workers to lose jobs

January 11, 2023 -

The publicly traded cryptocurrency exchange announced that it is planning to reduce its headcount by around 950 employees as part of the company's restructuring effort that it expects to be completed by the end of the second quarter of this year. (Related: Crypto exchange platform Coinbase lost around 85% of its value in one year.)

This mass layoff amounts to slashing 20 percent of its approximately 4,700 employees. In an interview with CNBC, CEO Brian Armstrong ...

Former Coinbase manager facing charges in first crypto insider trading case

July 24, 2022 -

A former product manager at cryptocurrency exchange platform Coinbase, Ishan Wahi, along with his brother, Nikhil Wahi and friend Sameer Ramani have been charged with wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets and wire fraud conspiracy. The parties allegedly planned to use confidential information from Coinbase about the cryptocurrency assets that were set to be listed on the platform’s exchanges.

According ...

Coinbase lays off 18% of workers as cryptocurrencies plummet in value

June 16, 2022 -

The company will cut 18 percent of full-time jobs or around around 1,100 people. (Related: Crypto CONTAGION spreads as Ponzi-like elements of the crypto ecosystem start unwinding uncontrollably.)

CEO Brian Armstrong justified the layoffs by pointing to a possible recession and a need to manage the company's burn rate and increase efficiency. He also said the company grew "too quickly" during cryptocurrency's rise.

"We appear to be entering a recession after a 10+ ...

If Coinbase goes bankrupt, all of its users’ funds could disappear

May 12, 2022 -

For its latest quarterly report, the company said it experienced a loss of $430 million and a 19 percent drop in monthly users. This represents a drop in activity by more than two million from the fourth quarter of 2021 to around 9.2 million active users remaining. (Related: Globalists could usher in Great Reset using state-owned BLOCKCHAIN infrastructure.)

The company added that crypto volatility continued to decline in April and is now at its lowest level since mid-2020....

Coinbase faces $400M fallout after insider-led phishing attack exposes customer data

May 16, 2025 -

Cryptocurrency giant Coinbase has been rocked by a sophisticated phishing attack involving rogue overseas contractors who sold out customers for bribes. Sensitive user data was exposed, triggering a financial reckoning that could cost the company up to $400 million.

The attackers, who infiltrated Coinbase’s customer support systems, demanded a $20 million ransom in Bitcoin, which the exchange defiantly refused, opting instead to offer ...

Coinbase shares down 21% following reports that it is facing SEC probe

July 29, 2022 -

The SEC is set to investigate whether Coinbase has improperly allowed users to trade digital assets that have not been registered as securities. Subsequently, company shares closed down more than 21 percent on Tuesday, July 26.

According to reports, the firm has lost more than 75 percent of its value this year.

"I'm happy to say it again and again: We are confident that our rigorous diligence process, a process the SEC has already reviewed – keeps securities ...

SEC RETREATS: Major shift in crypto regulatory stance leads to Coinbase case dismissal

February 24, 2025 -

The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase, the leading centralized cryptocurrency exchange. This decision marks a pivotal moment in the relationship between regulators and the crypto market, signaling a new era of regulatory clarity and potential growth for the industry.A victory for Coinbase and the crypto community

The SEC's lawsuit, filed in June 2023, accused Coinbase ...

Crypto exchange platform Coinbase lost around 85% of its value in one year

November 23, 2022 -

Coinbase is one of the largest crypto exchanges by volume in the world, with the company's year-to-date trading volume as of early November being recorded as over $775 billion, right behind UpBit, OKX and Binance, the latter of which is the largest and is trading nearly $5 trillion in cryptocurrencies. (Related: Coinbase lays off 18% of workers as cryptocurrencies plummet in value.)

Coinbase became a publicly traded company on the Nasdaq exchange ...

Coinbase stock drops 7% as SEC probes user metrics and hackers demand $20M ransom

May 16, 2025 -

In a devastating one-two punch for the cryptocurrency giant, Coinbase (COIN) saw its stock plummet 7% in after-hours trading on Thursday after revelations of a major data breach and an ongoing Securities and Exchange Commission (SEC) investigation into whether the company misled investors about its user metrics.

The breach, which exposed sensitive customer data, could cost the company up to $400 million in remediation and reimbursements, while ...

Coinbase breach exposes flaws in digital ID systems as governments push for centralized identity data

May 20, 2025 -

A recent breach at cryptocurrency exchange Coinbase has reignited concerns about the dangers of digital identity systems that centralize vast amounts of personal data – just as governments worldwide push for legislation mandating digital IDs for online services.

Unlike traditional cyberattacks that rely on hacking through technical vulnerabilities, Coinbase breach was executed through a far simpler method: bribery. Attackers paid ...

Coinbase SPIES for the government by geo-tracking its own users and sharing gathered data with the feds

July 06, 2022 -

According to a report from The Intercept, Coinbase has been secretly selling geo-tracking and other user data to Immigration and Customs Enforcement (ICE) for quite some time now. Such information is then being used to track and surveil cryptocurrency users.

Back in August 2021, Coinbase "sold a single analytics software license to ICE for $29,000," the report explains. One month later, Coinbase sold another $1.36 million worth of software to ...

World’s largest bitcoin trust refuses to share proof of reserve audit

November 30, 2022 -

Following the implosion of FTX earlier this month and its subsequent bankruptcy proceeding exposing the depths of the company's mishandling of customer finances, multiple cryptocurrency companies have jumped to release proof-of-reserve audits.

A proof of reserve audit is a way for both clients and potential investors to prove that an independent auditor studied and proved the state of an exchange or business' reserves. In the wake of FTX's collapse, this served as the ...

Corporations invoke “woke” ideology as a cloak to hide their evil intentions

April 18, 2021 -

It is no longer a secret that the United States has become a tyrannical police state controlled by a system of corporate-government fascism. Many of the biggest and most powerful corporations in the world are based here, and they use their money and influence to buy off politicians and even judges, effectively steering policy in their favor.

By controlling the narrative in this way, large corporations effectively control the nation with an iron fist. To maintain the illusion ...

Chase, JP Morgan credit cards to charge additional “cash advance” fees to people buying Bitcoin

February 05, 2018 -

One of the largest cryptocurrency exchanges, Coinbase, recently sent out a notice to its clients with cards on file from either of the two banks notifying them that the change could impact their ability to trade. Coinbase, which currently services Bitcoin, Litecoin, Ethereum, and Bitcoin Cash, explained to its customers that they have no control over the change, and that buyers need to beware.

"Recently, the MCC code for digital currency purchases ...

The government is coming for your Bitcoin

December 03, 2017 -

On Wednesday, a federal judge in San Francisco ordered the popular Bitcoin exchange, Coinbase, to provide the IRS with information on over 14,000 account holders.

(Article by Simon Black republished from SovereignMan.com)

The taxman noticed that only 800-900 people reported gains related to Bitcoin in each of the years between 2013-2015. It seemed unusual given Bitcoin’s meteoric rise.

So the IRS went for its pound of flesh.

Initially, ...

Study finds that overwhelming majority of Bitcoin trading volume is faked

March 25, 2019 -

(Article by Tyler Durden republished from Zerohedge.com)

For these (and myriad other) reasons, attempts to legitimize bitcoin have largely floundered. Trading in bitcoin futures has fallen off a cliff, while the SEC has continued to resist the creation of a bitcoin-focused ETF. Perhaps the biggest disappointment of all was the Grayscale Bitcoin Trust, which allowed anyone with a brokerage account or IRA to gain exposure to bitcoin (but for a massive premium). During the ...