Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

OKX chief executive defends aggressive compliance rules

July 5, 2025

Ethereum price stalls, but ongoing accumulation points to a surge

July 5, 2025

This Chinese Company is Buying a Lot of BNB, Aims to Own $1 Billion Worth

July 5, 2025

Bitcoin Whales Shed 500,000 BTC in a Year as Institutions Step In: Bloomberg

July 5, 2025

Ethereum Shorts Misunderstood? Institutions Signal Confidence with Basis Trades Amid Uptrend to $3,000

July 5, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    This Chinese Company is Buying a Lot of BNB, Aims to Own $1 Billion Worth

    July 5, 2025

    Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis

    July 5, 2025

    Crypto Market Cap On Track To $4.5 Trillion As Q3 2025 Unfolds

    July 5, 2025

    BTCC Exchange Reports Remarkable Q2 2025 Performance with $957 Billion Trading Volume

    July 5, 2025

    Analyst Says Don’t Trade Until This Happens

    July 5, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » Coinbase Makes Ending Account Freezing a Top Priority
Markets

Coinbase Makes Ending Account Freezing a Top Priority

Crypto Observer StaffBy Crypto Observer StaffJune 8, 2025No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Coinbase is tackling account freeze issues head-on with top-priority fixes, deploying smarter machine learning, in-app verification tools, and long-term safeguards to protect users.

Coinbase Says Account Freezing Issue Down 82% Amid Internal System Overhaul

Crypto exchange Coinbase (Nasdaq: COIN) addressed ongoing concerns about user account restrictions in a series of updates shared on June 6 on social media platform X. Chief executive Brian Armstrong admitted that the issue had persisted longer than it should have, stating on social media platform X on June 6:

Account freezing has been a major issue at Coinbase for longer than is acceptable. I could list a bunch of the underlying reasons why it got so bad in the first place, but what’s more important is that we’ve made it a priority to fix, and we have been making good progress.

Armstrong confirmed that the number of problematic freezes has already dropped significantly: “The issue has been reduced by 82% so far, with more improvements coming. We’ll keep you updated as further improvements roll out.” He directed any users still experiencing unwarranted restrictions to contact Coinbase Support for prioritized help.

Product leader Dor Levi, who joined Coinbase nine weeks ago, has made eliminating unjustified account freezes his top priority. “I myself am a Coinbase user and our restriction experience is not meeting my own bar,” he stated on X, highlighting both personal and professional urgency.

Levi outlined a focused initiative to ensure restrictions only occur in legally mandated or high-risk situations, such as fraud or account compromise. He credited recent system upgrades for “huge improvements without sacrificing our legal and regulatory obligations.” Enhanced machine learning models have sharply reduced false positives. “We’ve improved the precision and recall of all our models,” he noted. Coinbase has also introduced a user-focused approach to restrictions. Levi stressed:

We’re also tackling this problem from the other end by moving processes like source-of-funds verification and enhanced KYC into the app. This means most restriction types will have self-service flows to remove restrictions, which is much more efficient than previous options.

He concluded that Coinbase has embedded “guardrails and checks/balances” to ensure long-term accountability in addressing the problem and confirmed that further product enhancements are currently rolling out.

Read the full article here

Exchange
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bybit Imposes 18% GST on All Transactions From July 7

July 5, 2025

How the Crypto Market Will React to Trump’s 70% Tariff Warning

July 5, 2025

AscendEX and FXH AI Launch ‘ChainLinking Vietnam’ to Advance Web3 Compliance

July 5, 2025

I made a profit flipping tequila on the blockchain

July 5, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

OKX chief executive defends aggressive compliance rules

July 5, 2025

Ethereum price stalls, but ongoing accumulation points to a surge

July 5, 2025

This Chinese Company is Buying a Lot of BNB, Aims to Own $1 Billion Worth

July 5, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis

July 5, 2025

Crypto Market Cap On Track To $4.5 Trillion As Q3 2025 Unfolds

July 5, 2025

BTCC Exchange Reports Remarkable Q2 2025 Performance with $957 Billion Trading Volume

July 5, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.