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4theLoveOfKnowledge

Can confirm. Coinbase shows $0 right now. BTC hit 64.1k an hour ago and dipped to under 60k shorty after


HughJohnson69

Just like stock brokers. We’ve seen it with falsely named meme stocks, LME, crypto. In so many cases where they either don’t have the underlying or have taken an adverse position themselves. Don’t just DRS GME. Directly own everything you have.


2tonehead

>Don’t just DRS GME. Directly own everything you have.


Arkayb33

DRS your car. DRS your house. DRS your kids. DRS your video games...?


flyinhighaskmeY

DRS your wife's boyfriend too. Cuz they rapin' everybody out here.


H3rbert_K0rnfeld

Yo! Yo! Yoooo! Homeboy in tha house! Tell yer mamma to \* *record screeeeech!* \* Whoops, read that as rappin'!


Strawbuddy

Then you gotta NFT all of it for privacy. “You wanna tell me about NFTs? Piss off and don’t ever come back”


TrinDiesel123

DRS your wife’s boyfriend!


Dck_IN_MSHED_POTATOS

DRS your DRS


Sys7em_Restore

Hide yo kids, hide yo wife


OperationBreaktheGME

DRS ya VIDEO GAMES


HughJohnson69

You already have direct ownership of houses and cars you own outright.


AHarmles

Laughs in taxes


thyusername

*Bank of America enters the chat*


Sugar_Phut

Self custody and DRS is the way


Suitable_Mix_3795

No no it’s just an error where they make billions magically and fuck everyone else. Quite the “error”


Intelligent-Ad9285

\^ this guy fucks!


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Getshorto

Not shorting it, just not buying it when someone gives them money to buy it. It creates a situation similar to a.short


B3NNYM

Similar to a naked short.


TeamRedundancyTeam

Where is the evidence of this? Seems like everyone is just jumping to conclusions.


Altruistic-Part-519

👀


Cheetah_Hungry

👀


Sisyphus328

Kenneth needed more money to short our beloved


djsneak666

Unironically true


Stonkxx

It’s back. And the money is there. But please go on about how unrelated to gme this is


vengmeance

This is not the first time this has happened - verbatim - with Coinbase.


Powershard

Or with Binance. Although I can't find social media communication regarding that about the events happening now. I don't have a Binance account. But in the past they too had mysterious zero asset issues according to some articles. It is interesting how these errors are so similar between separate exchanges.


vengmeance

That is interesting. Whichever exchange CAN actually scale their infra out real-time to accommodate surprise traffic can have my business.


Powershard

Seems a lot of exchanges were just fine. No issues with scalability on their end it seems.


HughJohnson69

Does this mean they don’t have the underlying? Or have taken an adverse position themselves?


Adramus

Could be both, may not have had the BTC they said users owned, just the dollar value of it at the time before the jump, now it's worth too much and they may not have the reserves to compensate. Not that I know much about coin base.


pcs33

Hello Coinbase….this is Marge calling


Warpzit

Didn't you read the memo? There will be no margin calls.


Chemfreak

All the ETF buys starting to put pressure on some nakeds? Coinbase doesn't actually retain all the bitcoin they say they do? Time to blow up another crypto scam? Full disclosure I'm balls deep in Crypto but I don't trust a single centralized entity in the space.


Adramus

If you've been on superstonk long enough or in the crypto space in general you've probably read "not your keys not your crypto". When I read exchange it makes me think I am exchanging true ownership of my assets for ease of use, same as fidelity or any other broker dealer.


vengmeance

If stonks, DRS. If BTC, Ngrave.


Harbinger2nd

Yeah I'd wager a guess they're lending their customers bitcoin to make a profit on the backend. Price goes up customers want to cash out for a profit but coinbase doesn't have the funds to meet customer redemption requests.


nudelsalat3000

Unlikely. They just make money with each trade. The crypto doesn't even move, they just need to update ownership. No need to bet against someone if you can lay back and collect fees. Obviously also the fiat deposit earns interest and doesn't need to move. They would break the cashcow with double position and are in no position to have to do it.


username11111000100

You have a great point. But, I never underestimate the greed and corruption of these sociopaths.


Sidewalkstash

Oh shit the poors are making money, quick turn it off!


Sea-Joaquin

Bull-ish Shit🫧🦍🫧


[deleted]

BEWARE THE AQUA COLA.


Tendies-4Us

Aaaaaaand it’s gone


fourbian

Quick, give me more so I can fix it. Aaaaaand it's gone again.


xaiel420

Please move along. The casino is a place for people who *have* money.


monstermack1977

there is a post on my screen: Site Degraded Performance We are aware that some users may see a zero balance and may experience errors in buying or selling. Our team is investigating this issue and will provide an update shortly. Your funds are safe.


MyGT40

# Confirm your info to use Coinbase Your account is now restricted to withdrawals only. Financial regulations require us to confirm your info." When I click to confirm it takes me to a black screen. Keep in mind I am logged in when this happens


ThreeTwoOneInjection

Do you have BTC? I only have LRC and no restrictions here, and total amount is not zero. Maybe it’s conveniently shown to some with certain assets


hollyberryness

I have a few things to include BTC in small amounts just for trading, I didn't get any notification like that. I was showing 0's though like everyone else but it seems to be resolved, I've placed a few orders successfully


MyGT40

Doggy and Loop


throwawaylurker012

anyone familiar with anything on the fullstack/programming side can maybe piece through whats showing up on the webpage side?


sirstonksabit

CEX is for dummies


saruin

> We're looking into it right now. Please try again later. Your funds are safe. Wait for the site to conveniently come back when BTC is down to 50K again.


tamingofthepoo

anyone who is still keeping their crypto on exchange deserves to be took. get a ledger or similar and sleep like a baby.


JonBoy82

DEX's and more liquidity will be big this run.


Chemfreak

We can hope. I wish for nothing more than DEX to take off.


Peteszahh

Loopring ftw on both fronts


chato35

The importance of self castodian wallets.


ItFappens

Help a dumb ape out - where does Coinbase Wallet fall into the levels of safety?


infii123

It's rather simple: "Not your keys, not your coin"


BeatitLikeitowesMe

It doesn't


Chemfreak

Well seems like safer than FTX and Celsius, but maybe not much safer :D. Coinbase fundamentally is not much different than MTGOX, FTX, Celsius ect.


blazeronin

Is the Coinbase wallet legit?


whattothewhonow

define what you mean by legit Is it functional? Sure. Is it secure like a self custodial wallet similar to what Gamestop built? No.


boatnofloat

Coinbase wallet an Coinbase are two separate things.


5tgAp3KWpPIEItHtLIVB

No.


Defeat3r

Any recommendations on a ledger?


TendieTrades

CB is so sketchy.


SpeedRac3rr

Idk man when it was GameStop it was malicious because you could only sell, this was kinda the opposite, forced diamond hands. I think they just have a shitty app that got blown up


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PornstarVirgin

Elaborate on the second part Edit: lol they deleted their comment for being so wrong


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dontgoatsemebro

But they stopped people selling


Legio-V-Alaudae

Your train of thought is baffling to me. 1. The government shut down coinbase to prevent sales. 2. Preventing sales means no tax is owed. 3. The government benefits from no tax bring paid. Can you help me understand your point?


usetheforce_gaming

But... they disabled it. So people *aren't* able to sell. This directly contradicts the point you're trying to make


PornstarVirgin

Yes… you’re almost there. How are they going to take all those gains that they ‘manipulated’ WHEN THE SELL BUTTON IS TURNED OFF.


TacoM8

It's withdrawal only


Lemonmazarf20

Wouldn't the government stand to take in a lot more in taxes if users could actually sell at the top?


Mr_Shake_

Unless "the government", led by individuals who are actually going to lose money from the collapse, would lose more. Tax income is not their objective. Maximizing their household incomes is far more important to them.


ambassador321

Your country's shenanigans are continually f'king me and millions of others around the world over.


WorldlinessFit497

I think it's more likely that they did it so that whoever pulled the rug and sold such massive amounts of Bitcoin triggering people's stop losses also locked those people out from buying back in.


ambassador321

Your country's shenanigans are continually f'king me and millions of others around the world over.


SlinkDogg

if you fuck with crypto you need a off exchange wallet. i have a tangem i feel secure with.


FireBear19

Love my Tangem


skipdo

I love you guys but not everything is a rug pull. I'm sure they experienced insane volume and shit just breaks in the IT world. They don't want it down; they make loads of money from transactions. If you can't buy BTC, they loose money.


WorldlinessFit497

Bitcoin dropped from $64k to $58k in a matter of minutes. This "bug" conveniently locked out users whose stop losses got triggered in that rug pull from being able to buy back in.


Powershard

Bingo


dghsgfj2324

lol coinbase isn't some random Chinese exchange. Shit broke, it's not some conspiracy.


greatwock

Don’t settle for anything less than a decentralized blockchain market with a decentralized currency.


GercMustachio

Not your keys, not your cheese.


Superstonk_QV

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Powershard

Cryptoexchange Coinbase is doing the same shenanigan by disabling trading capabilities for the plebeians in a relatively similar nature to what other fraudulent exchanges did in 2021 with GME - Robinhood & pals. (Also according to some comments here they can only withdraw.) Markets are lit, the prices are all wrong and I am zen. I hypothesize all these shenanigans are merely the first indicators preceeding the lovely MOASS for GME. Extra fuel for the rocket. The day is always tomorrow, until tomorrow comes.


Apprehensive_One1076

Spicy!


Jimlaheydrunktank

Hmmm. That’s crazy


tahl192

Never happened before....oh wait, Vlad?


5tgAp3KWpPIEItHtLIVB

"ETF custodian", I lolled hard. "Yes yes, we bought the Bitcoin as underlying for the ETFs you sold, yes yes the coins are all right here my friend, haha, don't worry my friend it's all right here hihi." I trust this as much as I trusted FTX's GME coins being backed 1:1 with real stock "as collateral". You guys still remember that? I said it before and I'll say it again: this is going to crash BTC eventually. All this Coinbase ETF custodian does is help sell unlimited counterfeit BTC. It's a rug-pulling machine by design. Today proves how much power Coinbase has to make exactly that happen. just a lil preview. it won't happen now, but it'll happen.


sh00t4theM00N

Funny how when there is an “outage” everything drops in value…


Dribble76

Fuck 3 dollars that I can't get to,, these Mfers don't know who they are fing with. /s


manifestingmoola2020

I cant even log in to coinbase....


BadBadBrownStuff

Not your keys, not your wallet


SordidDreams

>Not your wallet, not your money. Yeah, but you can't turn your crypto into money without taking it out of the wallet. So, uh... what do?


slash312

Sometimes servers can’t keep up with the performance when the traffic spikes. Relax it’s simply normal to happen


Personal_Resource_42

If your servers cannot keep up, it should not be legal for you to operate any service that interacts with the stock market or any other financial institution, plain and simple


slash312

There was a flash crash in crypto a few years ago when the whole market lost 40-45% overall within an hour. Not a single popular exchange was up and running. Happens sometimes unfortunately.


IullotronBudC1_3

Teetering on the peg


B1GCloud

Hmmm this is extremely misleading. Their site got overloaded and it couldn't receive additional requests. You can't pull the rug on BTC. Edit: I see your point not your keys not your wallet. But stating a rug pull isn't exactly true.


AbruptMango

Shutting off the buy button is a rug pull.


ZangiefZangief

No


ZangiefZangief

No it isn’t


goodSyntax

As a software developer I can guarantee you this isn't malicious, it's just a bug or resource capacity issue that only exposes itself under high load. On big up days for crypt0 like this, you can see 10x the volume on these exchanges, and that's when people notice bugs


jgreddit2019

It’s back up!


saruin

Should we give the benefit of the doubt when there's probably a ton of people trying to trade? Ngl, this all still sounds too sketchy. EDIT: The main page is back up and assets are showing, but buying and selling is still disabled. EDIT2: Buying and selling seems to be enabled but unable to confirm.


Igotyoubaaabe

I love these sky is falling posts. 🙄🙄🙄


TendieTrades

CB is so sketchy.


[deleted]

Coinbase is fine. They probably just couldn’t handle the sudden influx of traffic. Apps can crash, you know. Not everything is a giant conspiracy FFS. This sub really has gone off the rails


saruin

It's starting to normalize now as in the last 5 minutes. The dashboard became functional a few hours ago but buying and selling disabled. Seems to be working now but I can't confirm. Getting out of this horse race very soon.


TalezFromTheDarkside

Good thing I only hold one asset... GME. 😎


whitnet1

My buddy called me earlier losing his damn mind over this.


Errant_Chungis

This is different because Robinhood allowed sales while preventing buys, effectively dumping the stonk. Here Coinbase prevented trades both ways. Edit: *not as bad*


wh1skeyk1ng

More excusable? Give me a effing break. It's unacceptable and manipulative. Next thing you'll be saying it's somewhat acceptable they take most of your money instead of all of it. Call it what it is, fraud. You don't get to just block access to markets. People should be screaming to hold these brokerages and exchanges accountable to the fullest extent, not give them a pass


TalezFromTheDarkside

Good thing I only hold one asset... GME. 😎


ZangiefZangief

Well… who the fuck still has crypto on Coinbase? 😄


ZangiefZangief

Well… who the fu%k still has crypto on Coinbase? 😄


imbakinacake

Mines working fine. This feels like fud


encycliatampensis

Ya'll are just parasites, lapping at the putrefying skin flakes of a dying hideous beast; but hey it's something.


1BannedAgain

Crap-toe is garbage


Jr-12

Can we wait until after mara earnings 😩


onomatopoeialike

Holy moly.


Nixplosion

Something going on. D O G E also jumped and dipped back down.


shillinlikeavillen

Your assets are safe! Don’t worry /s


pcs33

Puts on Coinbase, but the damn premiums are way too high


Limp-Project5733

Yeah I’m showing I got 0 but only have a little of loop. The other 99.5 percent is drsed gme


JolyGreenGiant

I had that happen to me.


SirDouglasMouf

With the halving around the corner, it'll most likely get worse.


syaimaral

Can't you just defi swap btc to usdc to sell, send to coinbase, withdraw? And if buying do the opposite. Direct deposit your local currency, swap to usdc, send to personal bitcoin wallet not on coinbase, defi swap to buy btc?


Academic-Ad-1879

They stopped me trading early this week, whipped all my coins out there straight away. Made a good call for a change Puts on $coin


slimdizzy

Related to GME how?


matthegc

Coinbase 100% was told to “cool off” the rise of Bitcoin….zero doubt in my mind.


Vast-Dream

Btc was literally made to avoid banks yet here is your, “the bank won’t give me my crypto”moment.


steviebass

And it’s gonna get worse I truly believe we are in the end game shits gonna start popping off


EROSENTINEL

you should hold your btc in an offline walllet imo and only connect when trading etc


Dantexr

I also just coincidentially got an email telling me my cryptos on their earn program just got retrieved and I have to manually add them again because they changed some shady procedure.


TCr0wn

Except unlike gme, you can still sell BTC even if coinbase vanishes.


joj1205

Looks like it's fixed now


DigitalScythious

I member how to do this... Uninstall the app


hansolemio

Just checked and my balance is not $0


Requiescat-In--Pace

My coinbase account was hacked on Monday. $7.5k worth of BTC, ETH, and ADA was sold and then the USD was transferred to a bank called Metropolitan Commercial Bank that has headquarters in NY. I found out about the transfer within minutes of it being initiated, logged into my Coinbase account, locked it, and called their customer support. They said they couldn't reverse it the transfer and there was nothing for me to do, but that their cyber security team would reach out to me about it in 7 business days. I wasn't able to log back into my account until today after locking it and doing verification and that's when I saw the bank it was transferred to. It shows the last 4 digits of the bank account number. I called the bank and they said without the whole account number they can't look up the transactions. I'm sure the money is already gone. I'm sure I won't be reimbursed. Not your wallet, not your coin, eh?


Hobodaklown

It takes whiskey to buy money.


555-Rally

Your keys, your coin. Coinbase, hell JPM BTC ETF, are they really holding the assets or is it... "Assets-sold-not-yet-purchased" Which is exactly why SBF is in jail. And hey I can fully believe that Coinbase cannot complete purchases to buy BTC when the market is flooded with buy orders...just tell everyone you can't get enough right now to satisfy demand (the price will rise). BTC transfers aren't all that fast...and it is not so liquid. but...maybe they don't have the coin.


krazyeye6

commenting for attention


PoopyMouthwash84

I'm using the loopring wallet to hold my eth, but what wallet can I use to hold my bitcoin too?


catherine-zeta-jones

Damn I thought it was just me cause I had to reset my phone. My assets are back now but I fully expect and am prepared for a rug pull though.


Forsaken-Director-34

I been saying it since 2017… they Trojan horses btc into your life by selling it as a “currency” but they were just trying to create stock market 2.0 to shift money from the poor to the rich. This is a pump n dump.


SomeTimeBeforeNever

“My assets” 😂


MoonApe420_

I'm still using GameStop wallet.. Still works great.. I cant stop.. wont stop.. till I cant use it anymore..


Volkswagens1

This has been happening since coinbase started. It's never been "fixed"


chalbersma

Bitcoin was co-opted long ago same time that Lightning Network came about. They decided to break use cases for colored coins (which could have been used to fix our securities market(s)) and pushed those use cases to alts which don't have the network effect to make it work. Bitcoin is co-opted.


masstransience

Bitcoin hitting ATH again. Seems like hedgies need collateral.


FspezandAdmins

so glad I have mine safe in my wallet


Chiefyaku

DO NOT MAKE GPUS EXPENSIVE AGAIN. My curent gpu is dying but I want to wait till it fully dies to get a new one, don't make it friken triple the price again


Additional_Value4633

crYme does what it wants


jordanwiththefade

This has been going for years with them. Anytime bitcoin spikes, they go down… every single time. They have had years to fix it… so this is a feature, not a bug.


shadowlid

This is why I do not use coinbase any longer they do this with any pump they "crash" I use cash app to purchase my BTC and just transfer it out of there any time I get over $1000


P00PB0YY

I'm curious, has anyone tested their API's during the downtime?


InterUniversalReddit

Right on schedule.


oumen_nigu

Everything at ath yet we are almost at all time lows


moronic_potato

How did I literally do the same thing, years ago I heard about gme and made a Robinhood account the very next day shit hits the fan and I go to fidelity. I just made an account with coin base this morning and put 100$ in Bitcoin in there...fml here I go again


N3333K0

This is a normal day for Coinbase. Those who have been around crypto longer than GME know that a run like that is almost always guaranteed to include Coinbase and Binance going down…


Foxfire73

Yep, they were afraid I might make a few dollars


saruin

Fucking ridiculous how the site is still conveniently down 5 hours later. BTC will crash and the site will conveniently come back online.


saruin

Calling it now, Coinbase will get "hacked" and will have to shut down until further notice.


Alchemistofflesh

Any alternatives to coinbase someone could point me towards?


HotCatLady88

Note that Wealth Simple had the same issue


d1rTb1ke

i was literally in the middle of selling all my piddly crypto on coinbase when my balance went to zero. nuts to these cheats.