Coinbase goes rogue as users complain that valid accounts with funds are being shut down

The crypto currency exchange Coinbase has been shutting down seemingly valid accounts. Many of these accounts were active, legit, verified and funded. Users of the crypto website will notice a warning when they try and buy or sell crypto currency that their account has been suspended and they should contact support.

My account too has been caught up with the latest round of suspensions. I contacted support and they confirmed that many Coinbase accounts have been recently suspended. They were not able to confirm details and when or if they would be reactivated. User that have been suspended have said that they have been suspended for over 75 days with no word as to when they would restore access to funds. Could this be the end of Coinbase?

We reached out to Coinbase for comment but they did not respond.
Many users of the Coinbase service have taken to Twitter to complain that the company has stolen their funds.

@coinbase How can i contact someone about my account being restricted? Your phones disconnect from me and there's no email I can get, thank you.

— Corbin Hilliker (@corbin_schreibe) February 4, 2018

They have been sending the same response to me for over a month. @coinbase is scam operation

— PotatoePete (@Potatoe_Pete) April 26, 2018

Coinbase has been restricted my account for no reason. When I spoke to them over email about my support ticket they said it would take a few days to fix. Verified my ID many times. You have neglected to take care of my account. Been over a month since they said fix they'd fix it.

— Leonardo Moraes (@leonardo47mora1) January 18, 2018

U know how to fix my restricted account on coinbase?

— Marcus Andre (@marcusa2000) January 14, 2018

@coinbase why is my account restricted and there is never anyone around to answer questions. Currently im unable to buy, is there a reason? #coinbase #issues

— crypto_ralph (@ralph_crypto) January 7, 2018

My @coinbase account has been restricted since November. A bug in the GDAX code that tried to get me to add a bank account that was already added, and then when it realized it was already added it threw a bunch of errors and restricted the account.

"The future of banking"

— Matt G. (@iWaffles) January 22, 2018

Customer Service needs a major reboot! Waiting over a week for resolution on account being restricted after adding bank acct! It’s a flaw in your system that can’t recognize legal names & now I’m dead on trading!!! NOT ACCEPTABLE!

— Deplorable Jersey Girl 🇺🇸 (@jerseygurl_23) January 31, 2018

Complex Update: Coinbase up with intermittent suspensions after stopping transactions for crypto TechCrunch Coinbase, the most popular site for #cryptocurrency transactions in the U.S., is back up after a temporary suspension of… https://t.co/cGAziPM1PK #Crypto #BitCoin pic.twitter.com/csZDtQpQ7m

— Saeed Valadbaygi (@SaeedBaygi) December 23, 2017

Price glitch and suspension of buy/sell orders for #BitcoinCash at Coinbase exasperated the sell-off in BCH pic.twitter.com/UPSlojQ9E8

— SiAlpha™ (@SiAlpha) December 22, 2017

@coinbase it's so sad that I still have problème accessing my funds in my account. It has been restricted with no reason and when I call I hear only that my problem is escalated. It's now so long that I wait! can anyone help me ?

— yahya.lafchouch (@ninjadin7) April 9, 2018

Didn't know, I will be tweeting this, but @CoinbaseSupport your phone support sucks. After waiting > 30 min, phone rep has no idea, what to tell & do, even when the account is being artificially restricted for buying. And I was a super happy @coinbase @gdax customer for > 3 yrs

— Pankaj Mathur (@pankajmathur_) March 18, 2018

Coinbase had my account restricted for 5 months and their customer service screwed me over. Switching now. Fuck coinbase

— LordRaptorJesus (@LordRapt0rJesus) March 15, 2018

@coinbase @CoinbaseSupport I have had such a hard time with this company. I only use coinbase and gdax to buy and sell and they have restricted my account twice in 2 weeks. They can give no reasons why. A horrible company

— C.L Wilson (@RealCLWilson) February 24, 2018

@coinbase My account has been restricted for over a month and you guys still apparently don't even know why.

— MattRyot (@Mattyice_89) February 14, 2018

@coinbasesupport Any update on my ticket from last week?

— Perry Toone (@ptoone) April 26, 2018

The most I have to do via my credit union debit card is call with the amount, simply pre-approving the tx to bitstamp. No 3D card here. @coinbase has my account restricted going on 75 days no support still. #pissedabouthat

— ZERPZILLA (@zerpzilla) February 2, 2018

Card Card Card

Comment from discussion Might be time to secure your funds and move off Coinbase.