{"id":378629,"date":"2021-12-09T14:53:47","date_gmt":"2021-12-09T11:53:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-users-launch-online-refund-campaign-following-gyen-troubles\/"},"modified":"2021-12-09T14:53:47","modified_gmt":"2021-12-09T11:53:47","slug":"coinbase-users-launch-online-refund-campaign-following-gyen-troubles","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-users-launch-online-refund-campaign-following-gyen-troubles\/","title":{"rendered":"# Coinbase users launch online refund campaign following GYEN troubles"},"content":{"rendered":"<p>&#8220;<strong># Coinbase users launch online refund campaign following GYEN troubles <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYjBkYzVmZWQtMGZkMS00YzgwLTlmZjQtMzgwMTllMGEyMWMwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Coinbase has come under fire recently following a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> snafu that reportedly resulted in the company closing many of its customer\u2019s accounts.\u00a0<\/p>\n<p>When users attempted to purchase Japanese stablecoin GYEN and Powerledger (POWR), they suffered from technical difficulties. This was then followed by an error in the system response. Now, deeply frustrated customers have launched an online campaign demanding refunds.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw\">#Coinbase<\/a> only gave me $50 worth of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> \u200d\u2640\ufe0f I need all my money back that I invest in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GYEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GYEN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GYEN?src=hash&amp;ref_src=twsrc%5Etfw\">#GYEN<\/a>  and plus you guys gave me a hard time and everything and you guys only <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> $50 dollars you guys took coins from me from my account and send it to who else wallet! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NBC?src=hash&amp;ref_src=twsrc%5Etfw\">#NBC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iZkTAxO5fu\">pic.twitter.com\/iZkTAxO5fu<\/a><\/p>\n<p>\u2014 Dayanara (@Dayanarapretty) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Dayanarapretty\/status\/1468669024481554444?ref_src=twsrc%5Etfw\">December 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nChris Flemming, a Coinbase user, has started an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.change.org\/p\/brian-armstrong-accountability-for-coinbase-gyen-account-freeze\">online petition<\/a>\u00a0against the exchange called \u201cAccountability for COINBASE GYEN account freeze,\u201d which has already garnered 1,620 signatures. It states, \u201cWe as a whole recognize that mistakes h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en and there is the potential for loss when investing in any cryptocurrency or asset. Though in this case the losses came from internal technical errors of Coinbase.\u201d<\/p>\n<p>On Nov. 10, according to a CNBC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/12\/08\/coinbase-customers-demand-refunds-over-gyen-stablecoin-glitch.html\">report<\/a>, Coinbase listed GYEN for the first time. Somehow, the coin became detached from the Japanese yen\u2019s price it was supposed to track starting around Nov. 17. The token\u2019s value rose to a peak of 0.065643, which is more than 7.5 times greater than investors had anticipated in fiat currency. Transfer activity on Coinbase increased on Nov. 18 and peaked at $122 million, according to the report.<\/p>\n<p>It\u2019s still unclear how many clients were affected, how much money was lost, or whether anybody made a profit by selling before the price tumbled again. The currency is now trading at the yen peg rate as it was originally intended.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Binance CEO reveals one key factor for token listings<\/em><\/strong><\/p>\n<p>A Coinbase representative told CNBC that the company would provide a thorough explanation of what occurred and how concerns would be addressed. The Nasdaq-listed exchange \u201cwill publish a blog article on the November 19 event involving GYEN and POWR assets in the coming weeks,\u201d the representative said. They noted that both GYEN and POWR have resumed trading on Coinbase Pro, and withdrawals are enabled on Coinbase.com.<\/p>\n<p>Elon Musk, CEO of Tesla, recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1359400199521783809?s=20\">suggested<\/a> that cryptocurrency owners transfer their funds out of centralized exchanges to safeguard them. \u201cAny crypto wallet that won\u2019t give you your private keys should be avoided at all costs,\u201d Musk said.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-users-launch-online-refund-campaign-following-gyen-troubles\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Coinbase users launch online refund campaign following GYEN troubles &#8221; Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer\u2019s accounts.\u00a0 When users attempted to purchase Japanese stablecoin GYEN and Powerledger (POWR), they suffered from technical difficulties. This was then followed by an&#8230;<\/p>\n","protected":false},"author":1,"featured_media":378630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYjBkYzVmZWQtMGZkMS00YzgwLTlmZjQtMzgwMTllMGEyMWMwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,74956,74863,74860,70934,67874],"class_list":["post-378629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-coinbase","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=378629"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/378630"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=378629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=378629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=378629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}