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Coinbase Account Balance Problem on February 28, 2024: What Happened?:
- 1. Coinbase 0 Account Balance 2024
- 2. Coinbase Lawsuits 2024
- 3. Corporations Mob Mentalities
- 4. What Can We Do?
Coinbase 0 Account balance was reported earlier this morning February 28 2024 at 64,000, then coinable made it unable to trade. The price then within a couple of hours, went down to 60,000! This left the whole market on coinbase unable to trade, leaving them losing on money. Of course coinbase response was your “coins are safe.” they will never mention the losses people may have encounter, nor will they recover that! making a stiff arm for valued customers that pay $30 a month!
Coinbase may have had unregistered agents etc and also done shady transfers.
Mob mentality in this nature is big business getting away with “fees” and using friendly posts on their social media to blind the new customers. I get it, make your money, but stop messing with the customers, they can see their spread!
Gather an active team, transparent updates, updates/ongoing group to keep tabs on coinbase. Gather routines they do to see patterns of bad business.
Coinbase be trusted? Coinbase Zero account balance error a no go!
Coinbase be trusted? Simple answer is No! You can use it for a while till you end up with a problem. Better hope your paying the $30 monthly fee to speak with a service rep.
Coinbase experienced a major issue on February 28, 2024, around 8:30 am, with many users reporting a zero account balance error. At the same time, Bitcoin’s value surged from $60,000 to $64,000 by 12 pm. However, coinbase made all of its customers unable to trade their assets!
Due to this problem, Coinbase temporarily halted trading, leaving customers unable to sell their assets and potentially losing a significant amount of money. While Coinbase acknowledged the problem on Twitter and their website, reassuring users that their coins were safe, they didn’t offer any guarantees regarding reimbursement for losses or express sympathy for the situation.
A mob corporate mentality: they didn’t address the problems by telling us whats wrong, or the actual error that cause this, just a nice response like every other corperate type of saying “we value you!” do you really?
By the backlash their getting, we can only wait for a proper response. This lack of transparency and empathy has sparked criticism from users.
Coinbase 0 Account balance Costumer Service:
Coinbase? Horrible! Expect to pay $30 a month for customer service to hang up in your face when you ask them to verify if this is Coinbase official customer service.
Coinbase 0 Account Balance Summary of Article:
- “We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Our team is investigating this & will provide an update shortly. Your assets are safe.” Yet offer no money loss protection.
- “We are aware that some users may be experiencing delayed sends/receives for assets on the Ethereum network (ERC-20s). While we work on a fix, your funds remain secure.” this was reported a hour before they reported about the balance saying zero.
- “If you were surprised to find your Coinbase account balance is sitting at zero, there’s no need to panic, according to the company. The cryptocurrency exchange platform said it’s investigating an error showing a zero balance for some users on Wednesday but assured customers that their assets are safe” business insider reports, but why not report the true question? Why the error, what caused it? And what about the money lost?
- Coinbase faces a few lawsuits and pending ones.
Resource Reference:
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