Six people are going up against the Treasury Department. Two stories that seem to be different. One very scary example. It all has to do with privacy.
In this edition of CryptoSlate Wrapped Daily, Voyager receives bids from 22 parties interested in purchasing its assets, Algorand upgrades its network mainnet to increase transaction capacity, and much more.
According to a class action lawsuit filed in a Georgia court, the cryptocurrency exchange failed to protect consumers' accounts against theft and hacks, and it is suing for up to $5 million in damages.
You'll need the mobile device and phone number associated with your Coinbase account in hand in order to successfully complete 2-step verification. Coinbase offers 2-step verification, known also as 2-factor (2FA) or multifactor authentication, as an added security layer in addition to your username and password.
Since 2016, Coinbase users have filed more than 11,000 complaints against Coinbase with the Federal Trade Commission and Consumer Financial Protection Bureau, mostly related to customer service. Former employees told CNBC the company’s customer service practices shifted over time, with representatives struggling to keep up with demand.
CNBC interviewed Coinbase users across the country and found thousands of customer complaints against the company. The interviews and complaints revealed a pattern of account takeovers, where users see money suddenly vanish from their account, followed by poor customer service from the company.
Except as required by law, Coinbase assumes no obligation to update these forward-looking statements. Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto.
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