CandleFocus Coinbase users flag withdrawal issues, precaution or panic?
2024-09-30
Author: Content Editor
Coinbase, the largest cryptocurrency exchange in the US, has been hit with user complaints regarding withdrawal issues and restricted transfer options. Users have reported not being able to send or move their holdings. While the situation has caused panic among users and the crypto community, Coinbase has responded to the complaints and asked users to provide more information privately to assist them. Experts suggest that these restrictions may be due to potential account compromises, KYC/AML violations, or interactions with flagged addresses on the blockchain. However, the lack of transparency in disclosing specific reasons for the restrictions has resulted in user frustration.
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