Desperate Coinbase customers turn to SEC with allegations of fraud

Life savings lost. Desperate cries for help. Allegations of fraud.

In the six years since its founding, the San Francisco-based exchange Coinbase has established itself as one of the most trusted places to trade ether, bitcoin, litecoin, and bitcoin cash. It’s also run up its share of critics: namely, its customers. 

In 134 pages of complaints filed to the SEC and the California Department of Business Oversight obtained by Mashable following a five-month FOIA process, a picture emerges not of a responsible actor in the cryptocurrency space opening the market to new investors, but rather a company overwhelmed by and underprepared for its own success.  Read more…

More about Bitcoin, Ether, Coinbase, Sec, and Ethereum