Aggrieved Coinbase Customers Locked Out of their Accounts Drag Exchange To Court

2021-6-9 17:29

Leading crypto exchange platform Coinbase has been sued in a proposed class action accusing the company of locking six users out of their accounts.

Coinbase Users File Complaint, Seek $5Million

According to a complaint filed in San Francisco federal court complaint, the Coinbase users allege that the company prevented them from accessing their accounts.

This stopped them from investing during peak trading periods or withdrawing their funds. The complaint reads,

“Coinbase” engage[d] in a scheme … [that] prevents its consumers from accessing their accounts and/or funds for arbitrary reasons and arbitrary amounts of time, and thereby … unable to ‘invest, spend, save, earn, and use,' or even withdraw their funds.”

One of the plaintiffs, Joseph Treseder of Oklahoma, said he deposited $30,000 in Dec 2020 to purchase the XRP token only to receive an error message saying his login credentials were invalid.

Treseder said he contacted the company severally through different means to verify his identity, but the Bitcoin exchange has still not rectified the issue.

Another complainant, Michael Leone, also said he sent over 100 emails to Coinbase's customer service email address but never received a response.

All six Coinbase users who filed the complaint recounted similar tales of being unable to reach the company.

The users seek over $5 million for damages. They also claim to be representing other aggrieved Coinbase users who have been unable to access their account for a long period.

A Look At Coinbase's Past Lawsuits

Coinbase is not new to lawsuits. Last year the company settled a legal complaint filed by the victims of the now-defunct crypto exchange Cryptsy for around $1 million.

Cryptsy accused Coinbase of being involved in laundering funds that made it lose around 13,000 Bitcoin (BTC) and 300,000 Litecoin (LTC) to hackers in 2016. The former exchange alleged that Coinbase abetted the theft and facilitated the laundering of approximately $8.2 million in digital currencies. BTC 13.29% Bitcoin / USD BTCUSD $ 36,341.08
$4,829.73 13.29% Volume 52.63 b Change $4,829.73 Open $36,341.08 Circulating 18.73 m Market Cap 680.71 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 h PayPal Crypto Volume Trending Back Up After the Record Daily Volume of Over $300 Mln 2 h Aggrieved Coinbase Customers Locked Out of their Accounts Drag Exchange To Court 3 h BTC Death Cross is Coming: What Does it Mean for Bitcoin? LTC 9.31% Litecoin / USD LTCUSD $ 169.16
$15.75 9.31% Volume 3.28 b Change $15.75 Open $169.16 Circulating 66.75 m Market Cap 11.29 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=LTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 h PayPal Crypto Volume Trending Back Up After the Record Daily Volume of Over $300 Mln 1 w DOGE Gets Listed on Coinbase Pro; Dogecoin Developer Activity on the Network Sees an Uptick 1 w PayPal Plans to Let Users Withdraw Bitcoin, Ethereum, Bitcoin Cash & Litecoin: “We Want to Give Choice to Our Consumers”

The company faced another over its handling of the Bitcoin Cash (BCH) fork and one more in December 2020 over the sales of XRP tokens. BCH 8.41% Bitcoin Cash / USD BCHUSD $ 624.53
$52.52 8.41% Volume 2.53 b Change $52.52 Open $624.53 Circulating 18.76 m Market Cap 11.72 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BCH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 h PayPal Crypto Volume Trending Back Up After the Record Daily Volume of Over $300 Mln 2 h Aggrieved Coinbase Customers Locked Out of their Accounts Drag Exchange To Court 22 h NHL Team, San Jose Sharks, to Accept BTC, ETH, DOGE, And Alts Next Season

Coinbase was sued by an investor after the US SEC sued Ripple. The lawsuit was proposed alleging that the exchange sold XRP after knowing it was an unregistered security and not a commodity and also gained commission on the XRP sales. XRP 8.07% XRP / USD XRPUSD $ 0.89
$0.07 8.07% Volume 4.08 b Change $0.07 Open $0.89 Circulating 46.19 b Market Cap 40.96 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=XRP&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Aggrieved Coinbase Customers Locked Out of their Accounts Drag Exchange To Court 1 d Ripple Labs Considering Smart Contracts Functionality On XRPL With Federated Sidechains 1 d Early Turn in Sentiment Seen as Crypto Asset Investment Products Record Inflows

Crypto platforms have faced class-action lawsuits several times.

Last year, California-headquartered Ripple was sued by investors who alleged that the XRP token falls under the category of securities.

The post Aggrieved Coinbase Customers Locked Out of their Accounts Drag Exchange To Court first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Доступно / Всего 0 BITN

coinbase accounts users complaint court company exchange

coinbase accounts → Результатов: 114


Фото:

Coinbase Neutrino Acquisition Reveals History Of Spying and Gov’t Data Selling

Cryptocurrency exchange Coinbase is facing an increasing publicity nightmare after it emerged the CEO of a company it took over sold private user data to governments. Coinbase: Neutrino ‘Will Help Prevent Theft’ Announced February 19, Coinbase now owns Italian blockchain surveillance startup Neutrino, having acquired the company for an undisclosed sum.

2019-2-19 20:00


Фото:

Coinbase добавила возможность вывода средств на PayPal для стран ЕС

Американская криптовалютная биржа Coinbase предоставила возможность снятия средств на счета PayPal для клиентов из стран Евросоюза и ЕАСТ (Европейская ассоциация свободной торговли). Coinbase customers in EU and European Free Trade Association countries can now withdraw funds to PayPal accounts.

2019-2-7 11:48


Фото:

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s […] The post The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets appeared first on Bitcoin News.

2018-12-7 17:15


News Flash: Coinbase adds Zcash (ZEC) on its Exchange Trading Platform

Coinbase Pro, the exchange platform of Coinbase announced this morning that Zcash (ZEC) holders can start sending their funds to their accounts on the exchange. According to the announcement on Coinbase official blog, Coinbase Pro started accepting deposits at 10am today 29 November 2018 and the deposits will last for at least 12 hours after […] The post News Flash: Coinbase adds Zcash (ZEC) on its Exchange Trading Platform appeared first on ZyCrypto.

2018-11-30 23:24