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Author Topic: [20-06-2018] mashable - desperate coinbase customers turn to the SEC  (Read 24 times)
gentlemand
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June 20, 2018, 08:51:32 PM
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https://mashable.com/2018/06/20/sec-coinbase-complaints-fraud/?europe=true&utm_cid=hp-hh-sec

Lots of unhappiness here. Presumably a lull will get them catching up with the backlog but the next run will be even harder to handle.

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June 20, 2018, 10:08:23 PM
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In a sea of shit sandwiches, you're eating shit no matter what. The exchange situation is completely atrocious. I don't see Coinbase as an outlier here. Virtually every exchange has its own litany of unsolved complaints and countless users threatening legal action.

I'm really not blown away by these numbers at all:

Quote
In 134 pages of complaints filed to the SEC and the California Department of Business Oversight

the SEC provided Mashable with 115 complaints made against Coinbase

Honestly, I expected an order of magnitude larger than that. Sucks to have dozens of coins or 5 figures cash in limbo, but I also come from a time and place where getting your account wiped in a hack/exit scam is just another day in the life.

but the next run will be even harder to handle.

Maybe Square, Robinhood, Circle and others will take some of that traffic off their hands. There's a lot of room for competition here -- and big players positioning themselves.

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