Crypto exchange Coinbase declares investors billionaires

Crypto exchange Coinbase declares investors billionaires - accidentally

Imagine it's Tuesday afternoon and you open your Coinbase account. You may not have visited him in a few weeks and now you see a balance of $ 5 billion. Pure adrenaline flows through your veins. You feel better than ever. A short time later the disillusionment:

Coinbase plays with people's feelings

Coinbase waves it aside: Yes, yes. We know that some customers are currently seeing far too high balances. This is just a display bug and has no effect on trading.

And then the feeling of being free at last has disappeared again. Hopefully, you didn't have a resignation email prepared for such purposes for your boss that you had sent spontaneously.

If you want to empathize with the battered creatures that fate played this cruel joke on, check out the disappointed tweets:

Some others took it with humor. After all, everyone knows that cryptocurrencies can't suddenly rise that much, right? At least not unless their name is Shiba Inu or part of an upcoming rug pull.

Coinbase has now got the problem back under control. But the company doesn't have to offer more than a succinct excuse.

At least compensation of - say - five percent of the incorrectly reported balance would have been justified, wouldn't it?

Alright As it turned out later, the problem did not only affect Coinbase but occurred almost everywhere. Even CoinMarketCap had shown completely inflated values for individual cryptocurrencies.

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