YES? / NO?
Cryptocurrency Exchange Coinbase Thieves?
The same thing happened to me, I sent 300 Euro (left October 25, 2017). I have all entered correctly. From my bank, I have a confirmation that the payment has gone (a few days ago I sent a trial 10 Euro which appeared on coinbase). The second payment of 300 Euro was not credited to my account. They do not respond to my 30 messages. They absolutely ignore me. I also wrote to the people on the facebook who are doing CoinBase if they help me. No one answer yet (when one absurdly copied email sent to me). I do not know what to do with them, they absolutely ignore me and make a dead beetle.
This is happening to a lot of people. Including me.
We need to shed some more light on this. Possibly sue.
They have stolen from me as well by triple charging me and then quadruple refunding me, then claiming the triple charges were reversed and confiscating all my bitcoin and saying I owe money still. Despite me showing bank statements that clearly prove this is incorrect. I am not sure what to do.
hey give them a few more days. It can take up to 2 weeks for the money to show up. Look in your app to see if the deposit status is still pending. Don’t accuse people as ‘thieves’ or they may sue you back
To GIVE them more time ??? I GAVE them 70 days to return 10,000 EUR !!!! Money that they received, but never credited my account. The thing is they do acknowledge the fact they have received the money. What kind of people will keep customer money for 70 days and keep asking for patience ??? while they are 'trying' to find it. C'mon...... they are not thieves, no, they are basically borrowing the money for a WHILE...... What can you do with 1000sssss for so many days... so many forks.... etc etc have a guess, and then put a label on COINBASE. This is not a legitimate company, it's a gang. And they still owe me the money.... Can you let them keep your 10,000 for over 2 months and be calm ?
77 days and counting for coinbase to perform a simple 'reverse payment' that a normal business does in 1-2 business days. And we are not talking unregulated crypto, we're talking EUR, the 'reliable' FIAT, current banking system and regulators are proud of. COINBASE 'the most trusted exchange' ? That's what they are doing with customers. Do read this and pass it on !!!
I tried to link a business account to Coinbase and because the name on it is not the same as my given name, they have locked me out of my own account, which has Bitcoin and $$$ there. Instead of rejecting the account and saying what the problem is, they have just locked me out, I cannot get in, there are no humans to contact there, and as far as I can tell my $$$ and Bitcoin are lost in their system unless and until they decide in time future to unlock my account. This is the most pisspoor excuse for an online business I have ever encountered. Watch out people! Get your funds off Coinbase/GDAX and into a wallet somewhere else!
UPDATE: Somewhere online I found Coinbase/GDAX's phone number, which I could not find on their exchange. It's +1 (888) 908–7930 m-f 8-5pm. I actually, after a half hour on hold, reached a human being and he helped me fix the problem in about 20 seconds. This is an important number to keep if you have a Coinbase/GDAX account.
Coinbase have 10,000 euros of mine, they've said they've got it, they've had it since February but they won't credit my account or return the payment.
Coinbase are thieves. They no longer even attempt to reply to my case.
Source Article: https://www.witeslaw.com/florida-legal-team-that-settled-the-first-ever-cryptocurrency-class-action-lawsuit-against-cryptocurrency-exchange-cryptsy-successfully-resolve-the-second-against-coinbase/
FLORIDA LEGAL TEAM THAT SETTLED THE FIRST EVER CRYPTOCURRENCY CLASS ACTION LAWSUIT AGAINST CRYPTOCURRENCY EXCHANGE CRYPTSY SUCCESSFULLY RESOLVES THE SECOND AGAINST COINBASE
January 13, 2019 - MarcWites
With the rise in popularity of cryptocurrency came cryptocurrency litigation, as the nascent form of currency unfortunately brought with it the same business disputes that surround all forms of monetary transactions and investments.
Class Action lawyers Marc Wites (Wites Law) and David Silver (Silver Miller) — along with Silver Miller partner Jason Miller — filed several of the first known cryptocurrency class action lawsuits in the country, and their efforts resulted in both the first-ever class certification in a cryptocurrency lawsuit and the first-ever cryptocurrency class action settlement against the now defunct cryptocurrency exchange Cryptsy.
Wites Law and Silver Miller have teamed up again to bring and now settle the second known cryptocurrency class action this time against San Francisco, California-based cryptocurrency exchange Coinbase, in an action that followed and is related to the Cryptsy case.
Source Articles Google-Search-Results: [ "class"+"action" "Coinbase" ], https://www.google.com/search?q=%22class%22%2B%22action%22+%22Coinbase%22&newwindow=1&client=ubuntu&channel=fs&source=lnt&tbs=li:1&sa=X&ved=2ahUKEwi-yafA5vXwAhWQGs0KHTbLDv0QpwV6BAgBECw&biw=1920&bih=885
Coinbase has settled a class action lawsuit brought by users of the former Cryptsy cryptocurrency exchange.
According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to a previous lawsuit against Cryptsy. Lawyers for the plaintiffs, who announced the settlement Monday, have already won 11,325 BTC from this previous case.
The plaintiffs created a webpage for potential Cryptsy victims – any individuals who used the exchange before 2015 – listing upcoming key dates and outlining how they can submit claims.
The settlement concludes a three-year legal action that nearly saw a jury trial.
A hearing will be held on April 17, 2020, to either approve the preliminary settlement agreement or add further modifications as needed, according to the filing.
Brandon Leidel, designated the class representative in the class action lawsuit, will receive $2,500 due to his efforts. He brought the suit in 2016 alleging Cryptsy CEO Paul Vernon used the exchange to launder millions of dollars’ worth of user funds over a multi-year period.
The case was originally filed by the Silver Miller law firm and Wites Law Firm, both of which were designated class counsel. In a statement, attorney Marc Wites said the case against Coinbase, as well as the previous lawsuit filed against Cryptsy, “were difficult cases” to resolve.
“When companies go out of business, founders flee the country and the amount at issue is relatively small, most plaintiff law firms would decline to pursue the case,” he said. “We were the only lawyers in the country to pursue a case against Cryptsy or Coinbase, individually or as a class action, and we were able to obtain multiple meaningful recoveries for victims who would have otherwise been left without any recourse.”
David Silver of Silver Miller said he commended Coinbase “for stepping up and resolving” the case. The Cryptsy case shows how early exchanges, “especially unregulated exchanges like Cryptsy, shunned regulators, laws and ultimately stole from its own clientele,” he said.
“This case shows that businesses in the cryptosphere bear a large measure of responsibility, from with whom they decide to do business and with whom they choose to associate,” he said.
Coinbase did not immediately return a request for comment.
Please Read: Go To This Article's URL/http For More Informative Conclusive Of Coinbase Methidologies Which Brought About Class Action Lawsuit Against Them.
San Francisco cryptocurrency exchange Coinbase Inc. is now the target of a class-action lawsuit arguing that the company is dealing unlicensed securities.
The lawsuit, filed in federal court in San Francisco on Wednesday by an individual named Thomas Sandoval, alleges that Coinbase — the largest cryptocurrency exchange in the U.S. — was aware cryptocurrency XRP was a security rather than a commodity and benefitted from commissions it collected on XRP trades.
"On information and belief, Coinbase knew at all relevant times that XRP did not meet the definition of a commodity — which Coinbase could legally sell to the public — but was in fact a security, which it could not legally sell to the public," the lawsuit states. "XRP is a security and not a commodity because Ripple Co. has sole control over the purported cryptocurrency’s 'nodes,' and is therefore a common enterprise for purposes of the federal securities laws.
"Coinbase, as a result of its integration into Ripple Co.’s nodes, knew that Ripple Co. controlled all of the purported cryptocurrency’s nodes and XRP’s success or failure was entirely intertwined with that of Ripple Co," the lawsuit states.
A node is a computer server that holds the transaction ledger for the currency and processes transactions. The lawsuit states that non-security cryptocurrencies use decentralized nodes to avoid a single point of failure, and no single entity controls the protocol-unit, just like no company controls Bitcoin.
On Monday, Coinbase announced it would stop selling XRP to the public. Other exchanges are also suspending XRP sales to U.S. customers, Bloomberg reported.
Coinbase did not return a San Francisco Business Times request for comment Thursday.
The complaint comes after the SEC filed a lawsuit last week in the same court against Ripple. That suit centers on XRP and Ripple selling what the government alleges is an unregistered security. The SEC complaint — filed against CEO Brad Garlinghouse, co-founder Chris Larsen and Ripple Labs itself — states that from at least 2013 Garlinghouse and Larsen sold more than 14.6 billion units of the digital asset XRP in return for cash or other consideration worth over $1.38 billion to fund Ripple’s operations and enrich themselves.
Meanwhile, Garlinghouse said that XRP does not have to be registered as an investment contract. “The SEC has permitted XRP to function as a currency for over eight years,” Garlinghouse said, adding that Ripple would challenge the suit in the courts “to get clear rules of the road for the entire industry in the U.S."
On Dec. 17, Coinbase announced that it had confidentially submitted a draft registration statement Form S-1 with the SEC to go public. The announcement came with few details as the company did not reveal how it would structure its IPO in terms of share pricing and volume.
Founded in 2012, Coinbase brokers exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos and many other cryptocurrencies and makes the bulk of its revenue from trading commissions.
XRP has been rising in value recently and is the third most valuable cryptocurrency after Bitcoin and Ethereum. In 2020, the price of one bitcoin surpassed $23,000.
Source Article: [Coinbase is a thief]: https://imgur.com/gallery/krfex9S
Coinbase is a joke, they've left me on read for months. With over 18,000 worth of cryptos taken and they won't even let me back into my account. Don't dare entrust these people with your money, they have absolutely no support department.
Source Article: https://www.linkedin.com/pulse/here-how-coinbase-t-mobile-allowed-common-thief-steal-oren-yaqobi?articleId=6688910822611267584
Why am I writing this blog then? I know that Coinbase couldn't care less about my case. They didn't care about previous cases, so why should I be any different? Pursuing this with low enforcements and legal actions would take even more time and funds from me, which I doubt will even help. Both T-mobile and Coinbase have much more expensive lawyers, and they are experts in covering their tracks, as I just experienced. I am writing this blog hoping that some of you that already have a Coinbase account, or consider creating one in the future, would take steps to secure yourselves. Steps that I wish I would have taken myself. The cyber-world is getting more dangerous by the second, do what you need to do to protect yourselves. In the meantime, I will have to live with the money loss and embarrassment...
Mr. Pierre, 47, a lawyer and onetime Coinbase employee, began urging his former colleagues to investigate the episode and to compensate him for the missing cryptocurrencies, which would be worth more than $400,000 today. He received little assistance, he said. So in January, he sued Coinbase, accusing the company of negligent security measures and failing to protect his money.
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One of Coinbase’s most frustrating aspects, some users said, is that a real person does not appear to be reading their complaints.
“There’s nobody on the other side,” said Cheryl Hung, a marketing consultant in Los Angeles.
Ms. Hung said she and her fiancé, Paul Hwang, started investing in cryptocurrencies in 2019 and picked Coinbase because it was a “big, reputable company” with security. But in January, someone stole $26,000 of cryptocurrencies from their account. They said they did not have any idea of how that happened.
“We just lost all the money we could have been using to work on a house or move our life forward,” Mr. Hwang said.
The couple asked Coinbase for help, but they said they had received perfunctory email responses. Trying Coinbase’s phone line got an automated response. After The Times inquired about their case, Ms. Hung said, they got another email from the company with more information about their account.
Coinbase said real customer support agents responded to inquiries.
For most Coinbase users, legal recourse is also limited. Under the company’s terms of service, users agree to settle disputes through private arbitration or small claims court, rather than pursuing a class-action lawsuit.
That did not deter Mr. Pierre from suing. Mr. Pierre, who worked for Coinbase in 2017 and 2018, said he had initially found the decentralized format of digital currencies “exciting.” But after he lost his Coinbase savings, he said, he sees the value in traditional, regulated institutions like banks to fall back on “for times like this.”
“I’m less excited now,” he said.