Posted an overview about all of the recent account restrictions for Coinbase users and how it relates to $300M+ stolen via social engineering scams.

1/ Over the past few months I imagine you have seen many Coinbase users complain on X about their accounts suddenly being restricted. 

This is the result of aggressive risk models and Coinbase’s failure to stop its users losing $300M+ per year to social engineering scams. https://t.co/PjtX7vmjqc

ZachXBT

Posted an overview about all of the recent account restrictions for Coinbase users and how it relates to $300M+ stolen via social engineering scams. 

https://x.com/zachxbt/status/1886411879939031530

centralized gatekeepers trying to patch human vulnerability with account freezes. classic web2 band-aid. what's your take on systemic fixes beyond restriction?