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Bitcoin exchanges like Coinbase are regulated by the CFTC in the US. This case is more of a Google problem though.
by wmf 1y ago
Bitcoin exchanges like Coinbase are regulated by the CFTC in the US. This case is more of a Google problem though.
- ameliaquining 1y agoI don't believe the CFTC has any rules requiring crypto exchanges to reverse fraudulent transactions.
- bdangubic 1y agothis isn't fradulent - you being silly and allowing someone full access to your account is your fault as much as leaving a wallet a strip club and calling owner joe for a refund
- otterley 1y agoIt is absolutely fraudulent. If you intentionally misrepresent yourself as the real account holder to the financial institution (by presenting credentials that do not belong to you), the institution relies on this misrepresentation, and damages result, that is fraud. Full stop.
- wmf 1y agoIt's generally impossible to reverse crypto transactions so such regulation would be pointless. CFTC could force Coinbase to use 2FA but that was already enabled.