Coinbase charged customers multiple times for purchases
Coinbase charged customers multiple times for purchases
1:14

Coinbase charged customers multiple times for purchases

Privacy
Digital currency exchange Coinbase is having issues. Coinbase is a digital currency exchange. Meaning it's a place where you can buy and sell things like BitCoin and Ethereum. Over on the Coinbase sub Reddit, there are a number of post saying that some customer are seeing their bank accounts emptied because they're being charged multiple times for the same purchase. One user said Coinbase took five times the amount they authorized. Another said, they were subject to 50 duplicate charges costing $67,000. Coinbase issued a statement saying it is investigating the issue. The company wrote in their tweet that Visa was at fault because it was reversing and recharging transactions due to changes made on Visa's part. Visa issued a statement essentially saying Nope. It wasn't us. Visa's official statement says, "Visa has not made any changes that would result in the duplicate transactions that are being reported. We are also not aware of any other merchants who are experiencing this issue." In a blog post, Coinbase says it will ensure that any affected customers will be refunded in full. Refunds will occur over the next few days. If you've been affected by this issue, go to support.coinbase.com. If you wanna know more about digital currency, we've got some great explainers on cnet.com. I'm Iyaz Akhtar and I'll see you online.

Up Next

If Apple Makes Siri Like ChatGPT or Gemini, I'm Done
240516-site-hey-siri-lets-talk

Up Next

If Apple Makes Siri Like ChatGPT or Gemini, I'm Done

How Many Times Did Google Say AI at I/O 2024?
Every AI Thumbnail

How Many Times Did Google Say AI at I/O 2024?

Everything Google Just Announced at I/O 2024
240513-site-google-io-supercut-thumbnail-v2

Everything Google Just Announced at I/O 2024

Google Introduces Gemini AI Upgrades to Gmail and Chat
google-io-gemini-gmail-chip

Google Introduces Gemini AI Upgrades to Gmail and Chat

Ask Photos Uses AI to Search Your Google Gallery
googlephotos

Ask Photos Uses AI to Search Your Google Gallery

Everything OpenAI Announced at Its Spring Update Event
openai-event-recording-13-may-2024-09-56-17-am-00-01-00-20-still006

Everything OpenAI Announced at Its Spring Update Event

Apple's iPad Pro Event Was a Flop
240509-site-omt-apple-flopped-this-ipad-event

Apple's iPad Pro Event Was a Flop

What to Expect at Apple's iPad Event
240501-yt-ipad-wildcards-v07.jpg

What to Expect at Apple's iPad Event

What AirPods Rumors Tell Us About Apple's Health Ambitions
240424-omt-next-airpods-v07

What AirPods Rumors Tell Us About Apple's Health Ambitions

What is the Fediverse?
240418-fediverse-winged

What is the Fediverse?

Tech Shows

The Apple Core
apple-core.png

The Apple Core

Alphabet City
alphabet-city.png

Alphabet City

CNET Top 5
top-5.png

CNET Top 5

The Daily Charge
the-daily-charge.png

The Daily Charge

What the Future
what-the-future.png

What the Future

Tech Today
tech-today.png

Tech Today

Cooley On Cars
on-cars.png

Cooley On Cars

Carfection
carfection.png

Carfection

Latest News

If Apple Makes Siri Like ChatGPT or Gemini, I'm Done
240516-site-hey-siri-lets-talk

If Apple Makes Siri Like ChatGPT or Gemini, I'm Done

Bose SoundLink Max Review: How Does It Compare to the Cheaper SoundLink Flex?
240514-site-bose-soundlink-max-2

Bose SoundLink Max Review: How Does It Compare to the Cheaper SoundLink Flex?

Hands-On With Huawei's Pura 70 Ultra
240515-winged-pura-70-ultra-00-01-30-05-still001.jpg

Hands-On With Huawei's Pura 70 Ultra

I Tried Three Fitness Apps to Help My Postpartum Recovery
cs-ai-coaching-seq-00-07-22-19-still001

I Tried Three Fitness Apps to Help My Postpartum Recovery

How Many Times Did Google Say AI at I/O 2024?
Every AI Thumbnail

How Many Times Did Google Say AI at I/O 2024?

I Tried Google's Project Astra
240513-site-google-project-astra-hands-on-v3

I Tried Google's Project Astra

Everything Google Just Announced at I/O 2024
240513-site-google-io-supercut-thumbnail-v2

Everything Google Just Announced at I/O 2024

Google Introduces Gemini AI Upgrades to Gmail and Chat
google-io-gemini-gmail-chip

Google Introduces Gemini AI Upgrades to Gmail and Chat

Google Brings Multistep Reasoning to Search
screenshot-2024-05-14-at-11-16-37am.png

Google Brings Multistep Reasoning to Search

Project Astra Revealed at Google I/O
screenshot-2024-05-14-at-1-42-51pm.png

Project Astra Revealed at Google I/O