Published On: Thu, Jan 4th, 2018

Coinbase: Missing Funds See WhalePanda Threaten Legal Action

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Cryptocurrency trader and commentator WhalePanda has showered negative publicity on Coinbase after the exchange allegedly locked up his funds.
‘It Looks Really Bad’
In a tweet today, the personality claimed a withdrawal request to a euro-denominated SEPA bank account had failed to materialize, despite being requested December 12.
“Don’t know what went wrong that day, but it looks really bad. I’m close to taking legal action,” he announced, tagging Coinbase CEO Brian Armstrong.

Update on @coinbase SEPA Withdrawal: Still nothing, no reply from support. On /r/coinbase you can find 100’s of posts by people missing withdrawals from the 12th. Don’t know what went wrong that day, but it looks really bad. I’m close to taking legal action @brian_armstrong.
— WhalePanda (@WhalePanda) January 4, 2018

SEPA payments generally clear within two to three days, suggesting Coinbase’s three-week delay is the result of in-house issues. December 12 saw a halt to trades amid an unexpected uptick in volume.
WhalePanda’s frustration is illustrative of an increasingly frequent phenomenon at the US’ largest cryptocurrency exchange and wallet provider, which has struggled to cope with a surge in demand throughout 2017.
r/CoinBase Woes Go …

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