Coinbase has withdrawn unauthorised funds from users' accounts, according to its customers.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 company said it had been notified of the theft by law enforcement agencies in New York state and California. 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.
Coinbase has withdrawn unauthorised funds from users' accounts, according to its customers.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.