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

@zachxbt you are a Godsend, as one of the many victims I’m grateful that your shining a light on this!

Really interesting—thanks for doing this work! 2222 $degen

Thank you for sharing and all the work that you do 

208 $degen

i read this as if you need training wheels use coinbase

Makes me rethink using CB as my offramp in the hopefully near future ...

I'm not slinging around 7-8 figures, but still don't want to get blocked literally at the "finish" line.

Jesus, no one would even know yet if you weren't connecting the dots for us.

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