A friend of mine (really, it’s not me) had his Coinbase account completely locked a month ago. Cash balance frozen, crypto balance frozen, unable to buy, sell, trade, withdraw. Missed selling the top and buying the dip. Support ignores, eventually saying a specialist was handling it. It’s been a month. He’s been a very small time crypto buyer for years.
Trying to help him the best I can we eventually figured out the only behavioral change is that he withdrew BCH to an electron wallet and used CashFusion… like, who WOULDNT, right? Privacy MATTERS. This was NOT for use on an illicit transaction/unlawful purpose.
I don’t have proof this is why the account is suspended but it seems highly likely. I’m not sure what to tell him aside from don’t use Coinbase anymore (NYKNYC), but I wanted to bring it to the attention of the community.
It seems to me that it is highly likely Coinbase is freezing/investigating accounts who withdraw to and use Electron Cash’s CoinJoin function.
I’m beginning to fear the dystopian potential of blockchain technology is gaining ground, which is why privacy is even more important.
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source https://www.reddit.com/r/btc/comments/nlwnxr/i_suspect_a_friends_coinbase_account_is_locked/
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