Hey everyone!
It’s been a rough few weeks for Coinbase users. We’ve seen delays in processing customer withdrawals, and now we have more bad news.
It turns out that Coinbase has been using customer funds to cover its own costs. The company has been taking out loan agreements and using customer funds to pay the interest.
This is a huge problem for Coinbase users, as it means that their funds are not being used for their intended purpose. Instead, Coinbase is using them to cover its own expenses.
It’s unclear what the long-term implications of this news will be, but it’s definitely not good news for Coinbase users.
We’ll keep you updated with any new developments. In the meantime, be sure to keep an eye on the news and make sure your funds are safe.
