Coinbase has withdrawn unauthorised funds from users ' accounts , according to its website . One user , posting on Reddit , claimed to have spent $ 300 buying bitcoin , cash and litecoin on 9 February . The transactions then repeated five times to a total of $ 1,500 , clearing out the buyer 's savings account and resulting in overdraft fees . The problem started after a change in how credit cards classify cryptocurrency transactions , a Coinbase employee posted on Reddit . Another later posted that the charges would be paid , although did not indicate if overdraft fees would also be compensated .
Coinbase has withdrawn unauthorised funds from users' accounts, according to its customers. One user, posting on Reddit, claimed to have spent $300 buying bitcoin, ether and litecoin on 9 February. The transactions then repeated five times to a total of $1,500, clearing out the buyer's bank account and resulting in overdraft fees. The problem started after a change in how credit cards classify cryptocurrency transactions, a Coinbase employee wrote on Reddit. Another later posted that the charges would be refunded, although did not indicate if overdraft fees would also be compensated.