coinbase confirms drastically over charging users debit and credit cards and draining accounts hmm I hope this hasn't happened any you guys out there anyone getting involved in cryptocurrency should be well aware that the emerging market carries a fair share of risk welcome to the show however popular San Francisco based exchange coin base has taken it to another level by severely overcharging user's debit and credit cards reportedly upwards of 50 X of the current amount that's a big owie you worried about transaction times no you shouldn't be worried about transaction times and transaction fees you should be worried about coinbase a suck in the light fatiha coin based one of the most popular digital currency exchanges has admitted to accidentally draining users bank accounts by severely overcharging their past cryptocurrency purchases this news comes as some users have been talking to reddit that's a that's that's not smart to report significant over charges on their cryptocurrency purchases the user the poker NIT reports being charged 17 X the expected amount on a $1,000 purchase claiming the mistake has left him or her flat broke really why would you invest money that would put you into being flat broke you mess him with your bread money son user it is II reports that even grosser case being charged in astounding 50 X that was expecting costing him or her sixty seven thousand dollars in total no that's a lot of money this isn't merely the cast of regulars throwing food or spreading lies either Justin coinbase an official member of coin based engineering team has confirmed the serious issue on reddit with the following message we are actively investigating some reports that our customers about unexpected credit or debit card charges appearing on their statements from a previous corn-based purchases we can confirm that the unexpected charges are originating from our payment processing network and are related to charges from previous purchases to the best of our knowledge these unexpected charges are not permanent and are in the process of being refunded we are running joint investigations with all parties involved and will provide updates as we receive them Justin ends its message by candidly stating I apologize for the trouble we are working as quickly as we can to help anyone affected by this Thanks another coin based Support Technician coinbase Olga has recently issued the following update on reddit I spoke with the team investigating and we're working on a more detailed post explaining the situation within the next 24 hours we have confirmed that this is an issue occurring downstream from coinbase and we're working with those parties to reach a resolution we are doing all that we can to make sure that effective customers are made whole it's safe to assume that anyone affected by coinbase extreme error feels far from comforted by the exchange response why why if they say that they're actively pursuing resolution then why would you say that they feel far from comforted I wouldn't feel comfort in coinbase hasn't failed epically since Bitcoin cache got onto coinbase and so give them a little bit of grace my friends give them just a little bit of grace even if the og over charges are refunded to some users who didn't plan on having their bank accounts drained maybe finding themselves in a dire situation maybe they shouldn't be messing with their bread money maybe they should maybe they should invest with one of the number one rules out there which is don't invest more than you're willing to lose and maybe they didn't have enough in their bank account to support some epic losses or maybe I'm just being too harsh guys at the time of writing coinbase has yet to make an official announcement about this situation either on their website or via social media coinbase is one of the most widely used cryptocurrency exchanged in the United States trading Bitcoin Bitcoin cash aetherium and the exchange has more than 13 million registered users while guys on the throw that's right back to you in the Bitcoin dot pub or the comment section below let me know if you've been affected by these types of interesting charges made downstream after you purchased some cryptocurrency probably like coin or Bitcoin from coinbase let me know has it affected you have you been messing a bhoot is this the problem let's hope they fix it pretty fast guys go back to coin base and buy more Bitcoin while you're smashing the like button
