An unnamed bug in Coinbase's purchasing system is responsible for multiple cases of SFYL this week, with angry redditards reporting having their bank accounts drained of filthy fiat after making a single purchase on the platform. As always, Coinbase was quick to lay the blame elsewhere, stating “We have confirmed that this is an issue occurring downstream from Coinbase, and we’re working with those parties to reach a resolution.”
The glitch went unnoticed from Jan.22 until Feb.11 and "customer service" reps from Coinbase say everyone should rest assured that they will be refunded in full. The company recently made changes to how it handles credit card purchases, listing them as "cash advances" at the point-of-sale, resulting in all the customer's cash being advanced directly to Coinbase's coffers. The front page of r/Coinbase on reddit stands as a testament to the escalating number of rubes who probably now wish they were using actual bitcoin.