My brother has some strange activity going on in his coinbase and bank accounts linked to coinbase. We think its a possible hack. BE AWARE! this is happening to lots of people over the last 24 hours

https://www.reddit.com/r/CoinBase/comments/7xrq4k/welp_officially_broke_charged_17x1000_on_my/

I haven't heard about any Hacks so I checked with some of my reliable sources and they haven't heard anything either. If you don't mind .. Who are the "lots of people" you are referring to? One of my sources wants to check this out further.

According to the link you provided: It could be as posted on Reddit that it was a glitch that was caught immediately and the limited number of accounts affected were getting compensation. I believe there was a link posted to Coinbase Support if you had any questions.

I had a bunch of credits post to my bank account yesterday equaling the amount I put in Coinbase over a few weeks. The transactions said “credit paper from Coinbase”. Not sure why this started.

Thanks for the info. So far my brothers funds have not been created back to his account. Just be cautious everyone. Hopefully it’s just a “glitch” I’m not rooting for a coinbase hack as that would really hurt this market recovery.

Awesome input. Thanks. I'll pass it along.

I see what everyone is talking about now.

I utilized my debit card for a small purchase $50 back on the 6th of February. My account was debited on that day immediately. Last night I discovered my account was debited again on the 15th for the same amount then credited back again by Coinbase. If I didn't have the $50 in there I would have defaulted and been charged an overdraft despite the fact it was credited back the same day.

My questions: Is this fallout from purchases made on a specific day? Are they only affecting debit cards? Are the questionable transactions all on the 15th? Has anyone heard directly from Coinbase regarding this?

OK .. Here's the Poop directly from Coinbase:

Coinbase

Dear Valued Customer,

Over the last two days, some customers who recently purchased digital currency with a Visa credit or debit card may have seen duplicate transactions posted to their cardholder accounts.

This issue was not caused by Coinbase. Please see our blog post for additional detail (also copied below).

Recommended steps to follow

Check your statement — Please check your bank statement to ensure that you have not received duplicate charges. If duplicate charges have appeared, your bank should automatically post a refund within the next few days
Contact your bank — If duplicate charges have not been refunded and/or if you have received other related charges (e.g., overdraft fees), please reach out to your bank to request that these charges be refunded
Contact Coinbase Support — If your bank fails to refund these charges, please follow up with Coinbase Support early next week

Though we did not initiate these charges, we are deeply sorry for any inconvenience or hardship this has caused.

Thank you for being a customer.

Regards,

The Coinbase Team

-------------

The following is a joint statement from Visa and Worldpay:

Over the last two days, some customers who used a credit or debit card at Coinbase may have seen duplicate transactions posted to their cardholder accounts.

This issue was not caused by Coinbase.

Worldpay and Coinbase have been working with Visa and Visa issuing banks to ensure that the duplicate transactions have been reversed and appropriate credits have been posted to cardholder accounts. All reversal transactions have now been issued, and should appear on customers’ credit card and debit card accounts within the next few days. We believe the majority of these reversals have already posted to accounts. If you continue to have problems with your credit or debit card account after this reversal period, including issues relating to card fees or charges, we encourage you to contact your card issuing bank.

We deeply regret any inconvenience this may have caused customers.

It doesn't answer all our questions, but it does help. Why Chris didn't address this issue just boggles my mind. He could have just checked with Coinbase like I did and assured his "students" rather than leaving them to panic.

Are our debit/credit cards safe now? That question wasn't answered in the statements released. My thoughts are best to be safe than sorry. I won't be happy about not using my debit card for a few days, but the bank will issue me a temporary card on Monday while I wait for a new one to arrive in the mail.

Good luck everybody and to Joel; I hope your brother's bank issues are straightened up soon.

Thanks for digging into this more. Although Chris didn’t cover this personally I think his intended reason for allowing our group to discuss topics openly did help us cover it as a “community”.

I was doing a little research & found out that bitcoin is going through an upgrade so that it's transactions will be cheaper & faater. Now what's interesting is that during the testing phase they found that micro pieces of bitcoin could be stolen through the transaction. So they fixed this issue. However, by exposing that flaw in Bitcoin then all other coins that fall on the same blockchain or technology as Bitcoin is now possibly vulnerable to microscopic theft during their transactions. That puts Litecoin & Ethereum at risk along with others. Yet we now have Litepay being created without the flaw being fixed.

WARNING!!! Coinbase hangs its customers out to dry! My name is John Messmer and I had $16500.00 stolen from my Coinbase account by fraudsters / hackers operating out of India. The worst part is that Coinbase (CB) determined that they would NOT help me in any way to recover the USD and BTC stolen from my CB account. In short, CB told me 'there's nothing more they can do for me' and this was after their 'investigator' made their determinations, which by the way, was after they had agreed with me as to the exact nature and methods used by the hackers to drain my account. Fortunately, I had taken screen shots of all my important account pages on CB, which totally documents everything that happened and when. The bottom line is that CB took a hard line with my case and just totally stone-walled me and they even refused to discuss it with me. They wouldn't even help me figure out what other avenues of recourse I might have with the FDIC since about $10,500.00 that was stolen was in USD, which according to CB's own contracts, is supposed to be FDIC insured. I think CB is counting on the customer (me in this case) just giving up and going away. CB knows full well just how difficult it will be for a customer in my situation to navigate the various agencies in order to pursue a solution to this cyber crime. What really angers me is that CB had totally set the stage for the fraudsters to be successful in their methods and (CB) knows that they could have and should have prevented this theft from taking place to begin with. I documented more than 5 specific things CB could have done or should have done that would have prevented my CB account from being hacked and completely drained. If anyone reading this wants more details I would be willing to provide them. With all this said, my warning is this: DO NOT DO BUSINESS WITH COINBASE / GDAX AS THEY DO NOT STAND BEHIND THEIR CUSTOMER AT ALL, PERIOD, END OF STORY!!! If your CB account is compromised and funds are stolen out of your CB or GDAX account, CB will NOT help you in any way. Just the opposite, CB will totally stone wall you and shut down any and all avenues of communication with you. CB should NOT be allowed to do business in the US, and I think everyone should close their accounts until CB ackowledges these aggregious issues and provides solutions for all their customers that have been wronged!! Please close your CB account today and let them know that you are doing so in support of John Messmer and the theft of my CB account funds! THANK YOU ALL!

Does anyone know how to set up trezor? I asked Chris and he said he was going to do a video but no new vids up that I can find since last week, so does anyone understand how to do it .thanks