[2015-12-20] Coinbase Bans User Who Reported Bitcoin Vault Exploit

[jdebunt]

An interesting post has surfaced on Reddit, detailing how one former Coinbase user helped the company fix a major financial exploit. While that might not be something out of the ordinary, Coinbase ended up closing the user’s account after his help.  Even though he was paid a small bug bounty for his findings – and never used Coinbase for buying or selling BTC – the company effectively banned the user for an unknown reason.


http://themerkle.com/news/coinbase-bans-user-who-reported-bitcoin-vault-exploit/

[1715396269]

1715396269

[Denker]

Really a shame how this guy got treated.
Reporting this serious exploit and the bounty was more of a joke compared to the damage it could have caused.
And then getting banned is more than ridiculous.
Now everybody can see how much Coinbase really appreciates help and support from it's customers.Disgusting!

[Chris!]

It's despicable business practices. Someone went out of their way to help them and this is the repayment he gets?

I believe this is the same person going public on the forum here: https://bitcointalk.org/index.php?topic=1296767.0