Coinbase provided Good News for people who had loss due to Ethereum Crash on June 21
If you are one of those unlucky people who lost lot of money due to Crash of Ethereum pricing on June 21 due to a multi million sell order of Ethereum and you faced the loss on Coinbase, then there is a good news for you. Coinbase announced that they would reimburse the user's who lost their money due to this unexpected event.
Coinbase's vice president Adam White wrote in a blog post.
"We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017."
For more details, please go through below link
I would say this it pretty good initiative from Coinbase. What do you think?
https://steemit.com/@vivekmittal001
I was JUST telling someone about this!
Coinbase just saved themselves with this one, there were a LOT of angry people online who were unable to buy or sell ethereum during the last few days on Coinbase
They have to be more careful in the future with things like this, their reputation is at stake
Agreed. Even I was pretty annoyed with them going to service unavailable every now and then and wrote this.
https://steemit.com/bitcoin/@vivekmittal001/curious-case-of-coinbase-down
There were a few youtubers who flipped out online when the previous price drop happened a few weeks back, they were told services were unavailable for bitcoin as well....well, lets just hope that things are under control now