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Updated over 3 years ago on . Most recent reply

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Collin Hays
#3 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
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Wonder where I've been the last 2 wks? Read on for your own good!

Collin Hays
#3 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

I haven't been posting on this forum because I have been busy cleaning up my life.  I am going to go off topic here and I hope you pay attention. Many of you have saved and invested very diligently to get to where you are. Many of you may have started dabbling in cryptocurrency. I am not here to promote or disparage crypto, but I can tell you this, this past week, I lost my full investment of $20,000 in crypto, not because of the investment, itself, but because of COINBASE. 

COINBASE is a broker for these currencies. I am not going to go into too much detail here, but this company is a complete, total fraud. It is a playground for cybercriminals. They do not care about their customers. They do not guard the accounts. They don't have real people to talk to. No one to exchange emails with. Not even a physical address. 

I opened up a Coinbase account on November 23, deposited $20,000, and four days later, my phone and email were hacked. I have spent over two weeks trying to mitigate the damage, but it isn't coincidence that all of this started after I opened a Coinbase account. Hackers have been in my bank accounts, investment accounts, credit cards, even trying to get my physical mail. Guys, this is serious business. I have had to close over 20 accounts, including all of my bank accounts, because hackers got in and started trying to get money.  Of all of these players, it was only COINBASE that allowed hackers to get into my account and steal all of it. It was COINBASE who denied any responsibility whatsoever. Furthermore, I strongly believe that COINBASE has CROOKS ON THE INSIDE that are selling your information to CROOKS ON THE OUTSIDE. Zees, if you have money in Coinbase, GET IT OUT NOW WHILE YOU CAN. This company is criminal, and will ultimately come crashing down. You've been warned. I hope you learn from my error. Have a great weekend everyone.

FEEL FREE TO SHARE THIS POST WITH SOMEONE WHO MIGHT NEED IT.

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Chris I.
  • Gilbert, AZ
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Chris I.
  • Gilbert, AZ
Replied

Sorry to hear, i'm a software dev/tech guy.

I'd recommend going forward to turn on 2factor auth on all services (banks, email, brokerages, etc) and use an authenticator app NOT text message 2factor if possible.  Authenticator apps like google authenticator, authy, or one built into your password mgr.

Also use a password manager app like 1Password or LastPass, so that it generates loooong unique passwords for every site/service that even you don't know but can unlock using a "master" password.

I personally use 1Password, works great

Cheers

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