Crypto analyst ZachXBT has voiced serious concerns about Coinbase following the repeated locking of his account.
Repeated Account Lock
ZachXBT reported that his Coinbase account has been locked for the second time within a month, with the latest incident occurring without explanation. This raised eyebrows in the crypto community regarding how the platform manages user access and support.
Allegations of Hidden Data Breach
ZachXBT also claims that Coinbase failed to fully disclose a previous customer data breach that allegedly led to users, including potentially himself, being robbed. Although there has been no official statement confirming these claims, the lack of transparency adds distrust to Coinbase's reputation.
Criticism of Coinbase and User Warnings
Despite Coinbase offering attractive yields on stablecoins, ZachXBT openly stated, 'I wouldn’t recommend Coinbase to anyone.' This warning from a respected investigator could significantly influence public perception. The incident serves as a reminder for users to consider alternatives to centralized exchanges and the importance of transparency.
The incident involving ZachXBT's account lock illustrates the risks associated with centralized platforms and emphasizes the importance of seeking safe alternatives for managing digital assets.
