February 28, 2024

Horrified Coinbase users have shared their shock at discovering their accounts on the crypto trading app wiped out.

Stunned users took to the internet Wednesday to say their balances had been reduced to zero without warning. 

Coinbase tweeted that the incident had happened due to a glitch and ensured users that their balances were safe.

Posting on X, a Coinbase rep wrote: ‘We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Our team is investigating this & will provide an update shortly. Your assets are safe.’

In 2021 Coinbase customers lost their investments after hackers broke into their accounts and stole the cryptocurrency from the accounts.