Was Coinbase hacked? Exchange blames Visa as customers overcharged for thousands

Coinbase

We're now investigating an issue where some customers were charged incorrectly for purchases of digital currency with credit and debit cards. As Bitcoin has suffered volatile ups and downs this past year, companies like Coinbase have struggled to maintain a stable product and keep customers reassured they're fast-changing cryptocurrency fortunes are at the very least safe and securely stored.

Coinbase, a popular way to buy, sell, and store digital currency including Bitcoin and Etherium, is now being accused of charging some of its customers five, seventeen, or even fifty times for the same purchase to the point those customers went broke - and it's not yet clear what's going on.

"Some customers might experience a delay between the issuance of the new charge and the offsetting refund, but ultimately customers should only have a single charge on their card statement", Coinbase says. They also told me Coinbase is a scam and not to use their service anymore.

Was Coinbase hacked? Exchange blames Visa as customers overcharged for thousands

Having investigated the matter, the exchange representatives tweeted that the problem were apparently "the result of Visa reversing and recharging transactions" and not Coinbase's doing, promising to reimburse "all affected customers". The company says that refunds should be issued directly through banks.

Purchases that occurred between 22 January and 11 February 2018 may have been refunded and reprocessed.

In one particularly severe case, a Reddit user was reportedly charged seventeen times for a payment made on the platform.

Hype And Facts About Texas Instruments Incorporated (TXN), The AES Corporation (AES)
It improved, as 55 investors sold TXN shares while 333 reduced holdings. 100 funds opened positions while 451 raised stakes. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has "Buy" rating given on Tuesday, May 30 by RBC Capital Markets.

"Over the last few months, large banks and card issuers requested that card networks change the MCC [merchant category code] for purchases of digital currency". The credit card processor didn't update its codes in time and had to reprocess large numbers of transactions. "For the benefit of consumers, we hope that this will not have additional cash advance fees". The banks cited cryptocurrency's volatile nature and the risks associated with it as the reason behind the ban.

Though thousands of dollars in ghost transactions is a huge deal coming from any company, Coinbase appears to have learned some lessons when it comes to crisis management.

Coinbase has, so far, taken no position.

Ramaphosa new president of Sth Africa
But his rule was dominated by graft scandals , economic slowdown and falling popularity for the celebrated liberation party. One case against him relates to 783 payments he allegedly received linked to an arms deal before he came to power.

Reddit customers also seem to be dissatisfied with other exchanges. "Well done Coinbase, Scotiabank advisers are telling their clients that you guys are a scam".

Mount Hood climb ends In tragedy
The sun had been noticeably strong this week, causing the rocks to fall and trap the climbers, according to the Associated Press . Deputies were alerted to the incident Tuesday morning around 10:30 a.m.by Sumi's fellow climber, 36-year-old Chatchay Thongthap.

Related News:

  • Next book won't be Winds Of Winter

    Next book won't be Winds Of Winter

    Instead, it's the companion book Fire & Blood, which will be a written history of the franchise's House Targaryen. The plan is to finish the first volume of Fire & Blood before returning to The Winds of Winter , the author said.
    USA  spending on health care estimated to reach $5.7 trillion in 2026

    USA spending on health care estimated to reach $5.7 trillion in 2026

    Expenditures will rise to $5.7 trillion in 2026, from $3.3 trillion in 2016. Spending for 2017 rose faster than in 2016, when it rose 4.3%.
    GOP Predicts Redistricting Issue Will End in Federal Court

    GOP Predicts Redistricting Issue Will End in Federal Court

    The Democratic-majority court threw out Pennsylvania's congressional map last month, saying it violated the state constitution. The court struck down the district boundaries January 22, siding with registered Democratic voters who sued last June.
  • Real Madrid Ready To Pounce For Liverpool Goalkeeping Target

    Real Madrid Ready To Pounce For Liverpool Goalkeeping Target

    Considering how well Ederson has played for Manchester City since arriving in the summer, Alisson is clearly a talented stopper. For many months now, the most likely goalkeeping solution for Liverpool was Roma custodian Alisson .
    Zimbabwe leader says fair elections 'tribute' to Tsvangirai

    Zimbabwe leader says fair elections 'tribute' to Tsvangirai

    Zimbabwe goes to the polls later this year with Emmerson Mnangagwa hoping to lead Zanu-PF to victory. Chamisa and the other, Elias Mudzuri, were appointed to their roles by the former leader.
    Hirscher wins gold in men's combined

    Hirscher wins gold in men's combined

    Asked later whether his wait for a gold medal had enhanced the value of its arrival, Hirscher paused and said, "Not really". He's only raced in nine World Cup competitions this season, but finished third at a GS race in Germany late last month.
  • Why Wait? Amended Bill Could Make Sunday Alcohol Sales Legal Immediately

    Why Wait? Amended Bill Could Make Sunday Alcohol Sales Legal Immediately

    The budget panel also approved a bill appropriating $31.7 to make up for lost federal funding for the state's two medical schools. Out of the 1,000 pieces of legislation proposed this year, fewer than 50 bills have made it to the governor's desk.
    Sara Ali Khan to play Saba Qamar's daughter in Hindi Medium 2?

    Sara Ali Khan to play Saba Qamar's daughter in Hindi Medium 2?

    Due to disagreements over several issues between the film's director and producers, the film has reportedly been put on hold. After Saket Chaudhary directed first installment, the sequel too will have a new take on educational system.
    Hannah Simone to Lead Reboot of Comedy Drama

    Hannah Simone to Lead Reboot of Comedy Drama

    He ends up finding the ideal person in a schoolteacher/activist named Holly, and he trains her in how to use the suit. In the reimagining with a gender switch of Steven J.
  • Cape City pushes 'Day Zero' again to June four in water disaster

    Cape City pushes 'Day Zero' again to June four in water disaster

    Level 6b water restrictions are in effect from 1 February, which requires all to drop their daily use to 50 litres pp/day or less. The government said it had elevated the drought to a "national disaster" after reassessing its "magnitude and severity".
    New Footage Shows Florida Gunman Shooting Target Practice in Backyard

    New Footage Shows Florida Gunman Shooting Target Practice in Backyard

    The Florida shooting comes just weeks after Sal Castro Middle School students were terrorized by an accidental shooting. Police have claimed Cruz has already confessed to the rampage, but he is yet to enter a plea in the court.
    Stocks Retreating on New Evolution: Coca-Cola European Partners plc (NYSE:CCE)

    Stocks Retreating on New Evolution: Coca-Cola European Partners plc (NYSE:CCE)

    Motco increased Hartford International Value Fund Cl Y stake by 57,037 shares to 1.25 million valued at $22.77 million in 2017Q3. It dived, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes.


Most liked

Sony Announces Limited Time Sale on PlayStation VR Headsets & Bundles
The Doom VFR Bundle includes a PlayStation VR headset, PlayStation Camera, the PS VR Demo Disc 2.0, and the Doom VFR Blu-ray Disc. If you have been on the fence about getting a PlayStation VR , this may be the time to make the leap.

Uttarakhand: Woman Held in Dowry Case, Poses As Man, Married Twice
According to Janmejay Khanduri, a Nainital SSP, 22-year-old Sweety Sen was recently taken into custody and charged with torture. They also claimed she had borrowed Rs. 850,000 from them to start a business.

Shiffrin skis again and men's figure skating gets underway
Mayer seized the lead from Norwegian defending champion Kjetil Jansrud with a blistering descent of 1 minute, 24.44 seconds. I'm looking forward to seeing two Brits on the start list and hopefully we'll be able to do something good".

PM Modi to hold 'Pariksha Pe Charcha' with students
The objective of the Pariksha pe Charcha event, held in the capital's Talkatora Stadium, was to discuss stress-free examination. The Prime Minister during his interaction with the students addressed various issues faced by them during exam days.

How the Westminster Dog Show Got Its Name
Answer: It is being televised, but you may have been looking on the wrong channels . Dainard has been asked to be a judge for the various Spaniel breeds.

Rice Midstream Partners LP (RMP) EPS Estimated At $0.39
Shares for $353,200 were sold by Selvidge Jeff R. $43.15 million worth of stock was sold by COOK TIMOTHY D on Thursday, August 24. The pipeline company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.08).

Kim Jong-un praises 'sincere, impressive' South Korea
It was an extremely rare move as the two nations remain technically at war after the 1950-53 Korean War ended in a cease-fire. North Korea is weak in winter sports, and none of its 22 athletes at Pyeongchang is expected to bring home a medal.

Adam Rippon, Openly Gay US Figure Skater, Takes Issue with Pence
A triple axel consists of 3½ rotations in the air, and you'll have to watch it yourself to understand what a big deal this is. Nagasu was born to Japanese immigrant parents who run a sushi restaurant in California, where she grew up.

Germans take home surprise gold medal in Olympic pairs after stunning display
I was sick last night and this morning with a normal stomach bug. They were separated from the gold medal by 0.43 points.

Samsung halts Android Oreo update after Galaxy S8 users suffered random reboots
The Android Oreo update brings onboard a host of new features like Notification Dots, which are tiny chat-heads for notifications. However, it's also a possibility that Samsung will also use their proprietary chips - at least in parts of the world.

Acetylene leak caused Cochin Shipyard blast
A ballast tank is a compartment within a ship or other floating structure that holds water to provide stability to the vessel. In addition to the statutory compensation relief, CSL should disburse wages to the injured till they return to work, he said.

D'Iberville bail bondsman alerts Federal Bureau of Investigation about school shooting comment
"The FBI conducted database reviews, checks but was unable to further identify the person who actually made the comment". Bennight said he also flagged the comment to YouTube, which removed the comment from the video.

The Southwestern Energy Company (SWN) Stock Price Up 5.2%
The average twelve-month price target among analysts that have updated their coverage on the stock in the previous year is $27.81. Going move backward a period of six month analysis we come to know that stock dipped -31.47% giving falling alert for Investors.

Champions League: man city without Zinchenko killed "Basel"
It's no wonder Silva's teammates call him "bubble gum", which was a nickname given to him by Benjamin Mendy at Monaco last season. Speaking after the game in Switzerland and assessing a varied schedule to come, he said: "It's so important".

Complaint against Mani Shankar Aiyar forwarded to Crime Branch
Not a first time when Mani Shankar Aiyar has drawn himself into a controversy. "Something wrong has happened to Mani Shankar Aiyar these days".