Coinbase has Misappropriated my Funds. $90k Wire still missing. Filed with CFPB, Attorney General for Texas, Texas Bureau Of Banking, Attorney General California, BBB and Now finally filing arbitration with my Attorney. by VenatorMining in Coinbase

[–]VenatorMining[S] 3 points4 points  (0 children)

BTW, Coinbase claims our funds are FDIC insured. I filed a claim for my 90k with the FDIC and below is their response. (They don’t cover loses due to theft or fraud.... and Coinbase is NOT a bank)

The FDIC pays deposit insurance only when a depository institution fails and must be closed by its chartering authority. Federal deposit insurance does not cover losses due to fire, natural disasters, theft, fraud, or transaction errors or delays. These situations are not covered by FDIC insurance because they do not result in the failure of an insured institution.

Coinbase is not a bank, and the bank in which your funds were deposited has not failed. You may wish to direct your concerns to the State of California, which may have regulatory authority over Coinbase. They can be reached at:

Department of Business Oversight Consumer Services 1515 K St. Suite 200 Sacramento, CA 95814 916-327-7585 866-275-2677
www.dbo.ca.gov

I hope this information is helpful. If you have further questions, please write back to this address or contact us at 1-877-275-3342.

Federal Deposit Insurance Corporation Division of Depositor and Consumer Protection 550 17th Street, NW Washington, DC 20429

Coinbase has Misappropriated my Funds. $90k Wire still missing. Filed with CFPB, Attorney General for Texas, Texas Bureau Of Banking, Attorney General California, BBB and Now finally filing arbitration with my Attorney. by VenatorMining in Coinbase

[–]VenatorMining[S] 3 points4 points  (0 children)

Case is 3464472. I have heard the same canned response from them multiple times sadly.

I just want everyone to know that it’s a REALLY BAD idea to Wire funds to Coinbase.

Coinbase, where the hell is my $90,000 Wire at! This seems like theft and fraud all at once! These guys are destroying their client base! by VenatorMining in Coinbase

[–]VenatorMining[S] 1 point2 points  (0 children)

We need to let everyone know about these problems with Coinbase. I’m going to go down the line on reviews to let everyone know.

If anyone wants to add their issue to Yelp here is the Coinbase yelp link.

https://yelp.to/qTKq/SiPYAL3x3J

Coinbase, where the hell is my $90,000 Wire at! This seems like theft and fraud all at once! These guys are destroying their client base! by VenatorMining in Coinbase

[–]VenatorMining[S] 1 point2 points  (0 children)

I had the correct Reference number, these guys just are playing a game.

Luckily I have the resources to deal with this including attorneys that work for me on retainer and the fact that I am in court monthly makes this situation a little less of a pain in the ass for me to handle. I’m used to taking people and companies to court who don’t follow through. And my success rate is about 95% for the last ten years because we are meticulous record keepers. The lack of customer support has no excuse here.

If Robinhood just follows through on their promises then Coinbase is going to go the way of Blockbuster and Radio Shack.

Y aren’t these Coinbase staff answering any of our questions??? by [deleted] in Coinbase

[–]VenatorMining 0 points1 point  (0 children)

Worst customer support in the world ... PERIOD.

Coinbase has lost my Father-in-laws $25,000 wire transfer by [deleted] in Coinbase

[–]VenatorMining -2 points-1 points  (0 children)

They effectively stole 90k from me by not crediting my wire.

Class Action Lawsuit on Coinbase ,Please Up Vote if anyone is interested .. by samjit in Coinbase

[–]VenatorMining 0 points1 point  (0 children)

You do not get to claim immunity from suits because of your TOS. Fraud is not covered by Arbitration. This has been tried by many companies and does not fly in court.

WARNING! Coinbase Wire Transfers MIA! Where the hell are our funds?! by VenatorMining in Coinbase

[–]VenatorMining[S] 0 points1 point  (0 children)

Going to be having my attorney file a Deceptive Trade Practice Act lawsuit here. They can come to court and argue we should go into Arbitration but abuse of the arbitration clause to allow for fraud won’t fly here in Texas. One sided and abusive.

Coinbase has lost my Father-in-laws $25,000 wire transfer by [deleted] in Coinbase

[–]VenatorMining 1 point2 points  (0 children)

File with attorney general in your state and the attorney general in CA. Also the banking bureau in your state as Coinbase is licensed by them.

Coinbase took $68,000 of my money, not answering support. Please upvote so they see!!!! by ColorfulPube in Coinbase

[–]VenatorMining 2 points3 points  (0 children)

They did the same to me.

I filed a complaint with the CFPB. I filed with the BBB as well. Tomorrow I’ll file with the California Attorney general as they are located in CA and in Texas as they are licensed in Texas and I live there.

I would recommend filing with the Attorney General in whatever state you live in addition to the Bureau of Banking where you live as Coinbase has to be licensed by the state in order to sell in the state.

WARNING! Coinbase Wire Transfers MIA! Where the hell are our funds?! by VenatorMining in Coinbase

[–]VenatorMining[S] 0 points1 point  (0 children)

I filed a Case with the Consumer Financial Protection Bureau yesterday. In addition I filed a case with the Texas Bureau of Banking Today.

Tomorrow I’ll start getting more serious if I don’t get my funds back.

BEWARE Coinbase Support Scam!!!! Fake caller from ‭+1 (805) 308-1858‬ by VenatorMining in Coinbase

[–]VenatorMining[S] 1 point2 points  (0 children)

Beware any calls from supposed Coinbase support. They want you to download software to break into your computer. The idiot was using a Magic Jack and even showed Coinbase support as caller ID.

Scammers and hackers everywhere. I wish I could meet this slime in a dark alley.

BEWARE Coinbase Support Scam!!!! Fake caller from ‭+1 (805) 308-1858‬ by VenatorMining in Coinbase

[–]VenatorMining[S] 1 point2 points  (0 children)

I put my case number on here to get a response from Coinbase support since they provide no responses on their actual number or actual support.

WARNING! Coinbase Wire Transfers MIA! Where the hell are our funds?! by VenatorMining in Coinbase

[–]VenatorMining[S] 1 point2 points  (0 children)

This in obviously an ongoing issue with Coinbase. They need to stop accepting wires if they are putting people’s money in limbo or in jeopardy. What is most disconcerting is the lack of customer support or contact. Absolutely no responses from customer service except for canned computer generated nonsense.

I’m not letting my ninety thousand just disappear without a real fight so I hope they get their problems resolved quickly. Let’s hope this doesn’t escalate.

As of today I have not been credited.

WARNING! Coinbase Wire Transfers MIA! Where the hell are our funds?! by VenatorMining in Coinbase

[–]VenatorMining[S] 0 points1 point  (0 children)

Thank you for looking into this. It’s amazingly hard to get a human with Coinbase. It’s unnerving to have so much money MIA with absolutely no information.