YC startup Coinbase has been hacked? Unable to withdraw $25,000

38 points

10 years ago

I believe that coinbase has experienced a hack on a large scale, as there have been multiple people having issues with withdraws recently on coinbase. Several other people on the coinbase support forum have recently stated that coinbase has also stolen their funds.

So I wanted to warn the reddit community from using Coinbase.

Here is what happened:

Coinbase shut down my account, and then there was a message displayed saying that I need to transfer the 60 Bitcoins (about $25,000 ) to another address. I attempted to do that at least 10 times, but it simply says "please wait..." for over 2 hours.

Next, I sent 3 different support tickets asking for help on this topic, but it has been 4 days already with no response at all.

I have about 60 BTC on this account, worth around $25,000 at this time.

In conclusion, Coinbase is not to be trusted and has most likely experienced a major hack.

Attached is proof on my coinbase account: http://imgur.com/AK8lCgF

UPDATE 05/26 6:30PM EST: someone else just posted about this. (I swear it's not me )

The person said that they were unable to withdraw their money.

I'm pretty sure coinbase has been hacked. DO NOT USE COINBASE.

https://www.reddit.com/r/Bitcoin/comments/4l7tde/coinbase_down/

16 comments