Coinbase Cuts Account Lockouts by 82% – Can It Finally Win Back Trader Trust?

Description

Coinbase says it has slashed unnecessary account restrictions by 82%, following widespread criticism over long-standing issues that left users locked out of their accounts for weeks or even months. CEO Brian Armstrong acknowledged the issue in a June 6 post on X, calling account freezes a “major issue” that had persisted “for longer than is acceptable.” He said resolving it has become a priority for the company. “The issue has been reduced by 82% so far, with more improvements coming,” Armstrong...