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Author Topic: URGENT! Sent LTC to a BTC address  (Read 453 times)
hugeblack
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April 28, 2018, 08:56:00 PM
Last edit: April 30, 2018, 08:33:21 PM by hugeblack
 #21

I made a Reddit account but I can’t post anywhere because it says I need to have 200-300 karma and be active. The only way to get karma is by other people upvoting your posts so I fail to understand how I will ever be able to gather the karma if I can’t post anywhere.

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- If the plan doesn’t work, change the plan, but never the goal

Communicating with the support team was the first step, but you have to motivate them to help you (I suggested you Reddit because it solved one problem before)
You can try posting Service Discussion
I tried to find an account related to them here, but I did not succeed.
GDAX [twitter account]  and pm this account https://twitter.com/GDAX_Support
Bogoos123 (OP)
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April 30, 2018, 01:32:33 PM
 #22

I feel that this is a lost cause. I don’t have the funds to go to court/hire a lawyer as the sum in question is already very substantial, to me at least. The situation is such that Coinbase is illegally holding my funds hostage and there is nothing that I can do about it. They have the funds in a wallet that they own, and they’ve failed to respond to my latest enquiry. The case was closed by them but I re-opened it as this is unacceptable and I fail to understand how this can happen. If this were to happen with a bank I feel they would be more supportive. I would like to post on reddit to make my case heard, but I still can’t make any posts. If anybody would like to help me it would be much appreciated.
Bogoos123 (OP)
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April 30, 2018, 03:42:59 PM
Last edit: April 30, 2018, 03:57:04 PM by Bogoos123
 #23

They closed the case without replying on the 27th. I made a new enquiry on the 28th and it was closed just now without a response. It would seem this is their way of doing business. Be aware!

Edit: Filing a complaint about Coinbase to the SEC and Consumer Financial Protection Bureau.
LoyceV
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April 30, 2018, 04:13:13 PM
Last edit: April 30, 2018, 04:51:18 PM by LoyceV
 #24

The situation is such that Coinbase is illegally holding my funds hostage and there is nothing that I can do about it.
Think of it as if you've dropped a piece of gold into a crack in the floor of a very expensive building. The owner can get it out for you, but it'll cost him a lot of money, and pose a security risk.

At the cost of some liquidity, it could be possible for them (or some other company in a similar situation) to send different litecoins back after verifying that one of their BTC addresses received the LTC - and then waiting for that "giving up" event to reclaim those LTC for themselves, covering the cost.
That would actually be quite a decent solution. They could even charge a standard fee (fixed + percentage) for this, but they'll be at risk if the exchange rate gets worse. I assume they don't want to keep a stash of any altcoin on their own.

They closed the case without replying on the 27th. I made a new enquiry on the 28th and it was closed just now without a response.
Well, they answered your question. You can't expect a company to keep answering the same question over and over again, just because you didn't like their answer.
Now it's up to you to take further steps.

Bogoos123 (OP)
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April 30, 2018, 04:37:13 PM
 #25

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Think of it as if you've dropped a piece of gold into a crack in the floor of a very expensive building. The owner can get it out for you, but it'll cost him a lot of money, and pose a security risk.

At the cost of some liquidity, it could be possible for them (or some other company in a similar situation) to send different litecoins back after verifying that one of their BTC addresses received the LTC - and then waiting for that "giving up" event to reclaim those LTC for themselves, covering the cost.
That would actually be quite a decent solution. They could even charge a standard fee (fixed + percentage) for this, but they'll be at risk if the exchange rate gets worse. I assume they don't want to keep a stash of any altcoin on their own.

Indeed. They closed the case again without giving me a response. I already filed a complaint with the SEC and CFPB.
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