Passing the Buck – Visa Blames Coinbase for ‘Erroneous’ Error that Overcharged Customers, Drained Accounts

As was previously reported, Coinbase &#8211; one of the most popular digital currency exchanges &#8211; experienced one of the more egregious errors in recent cryptocurrency history by duplicating users&#8217; past debit/credit card and bank purchases, effectively siphoning money from accounts without authorization. The costly error reportedly left many users’ bank accounts completely drained. Some users on Reddit reported unauthorized transactions upwards of $50,000, while many others reported duplicated purchases on smaller transactions. Even those less<br />Read More<br />The post Passing the Buck &#8211; Visa Blames Coinbase for &#8216;Erroneous&#8217; Error that Overcharged Customers, Drained Accounts appeared first on Bitcoinist.com.

from Bitcoin news | Published News | Bitcoin news http://ift.tt/2Ey2jaL