CandleFocus Ethereum Dev Sees Coinbase Account ‘Nuked’ After Attempting USDC Transfer
2024-12-03
Author: Content Editor
This news article discusses how an Ethereum developer had his Coinbase account locked after attempting to send $25,000 USDC. The developer criticized Coinbase's response and called it a "lazy implementation." It was later revealed that the account was locked because the developer was using a VPN during the transaction, and there were no warnings about this beforehand. Other users expressed similar grievances, and some speculated that Coinbase may be reducing daily limits to decrease selling pressure. The article suggests that centralized exchanges are exhibiting bank-like behavior with arbitrary account lockouts, limited customer support, transaction limits, and increased demands for personal information. Coinbase responded to the developer's post and stated that they would look into the issue.
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