Zachxbt Slams Coinbase to get account closed, unknown breach, which leads to user losses

Coinbase has publicly criticized Cointo Zachbt, and called for the exchange of popular encryption to close the frequent account and violate the unknown data, which claims to have led to thefts.

In the last tweet, Sleuth expressed in the series that he was not satisfied and stated that Coinbase stopped him from his account twice last month without providing an explanation. He also highlighted the failure of the company to reveal a recent violation revealed by the customer’s data, which is claimed to have led to financial losses for some users.

With acknowledgment that Coinbase provides a competitive annual ratio returns on Stablecoins, Zachxbt concluded that it cannot recommend the platform to others because of these issues that have not been resolved.

Data breach, arithmetic locks, and lack of transparency

Zachbt’s comments Come with increasing concerns about dealing with Coinbase with the user’s safety and support. Despite the marketing itself as a safe, transparent and organized platform, the stock exchange faced a series of challenges.

Coinbase, which was announced in 2021, has long been developed as a gateway to the world of encryption for both institutional investors and new expatriates. However, accidents such as Zachxbt described a different image of the most experienced users.

This is not the first time that Zachbt Coinbase has launched. He previously criticized the leadership of the stock exchange for its failure to report the theft headlines, provide the responsive support, or quickly respond to the threats. The results revealed that at least $ 65 million were stolen through these fraud operations between December 2024 and January 2025.

It was claimed that the fraudsters impersonated the character using the specific communications to deceive users to transfer money to the addresses at risk. ZachXBT attributed the fraud to Indian and low -level criminal groups with the insufficient Coinbase’s response.

Coinbase disputes

This last comment adds to a date of security concerns to the platform. In 2021, Coinbase users I mentioned Being closed from their accounts for long periods, often during times of high fluctuations in the market. Many of these users have struggled to get support in time, which led to great financial losses.

Coinbase faced accusations of account restrictions last October. During the same period, many of the statute users also reported security threats, as attackers fled Coinbase. A researcher under the name PCAVERSCCIO criticized on Coinbase on VPNS, which was defended by the platform.

Scott Shapiro, a chief product manager at the stock exchange, explained later that VPNS alone does not raise flags, but along with suspicious activity, such as uncommon log in, it may demand security checks.