According to BlockBeats news, some Coinbase users reported that their accounts were suddenly restricted by the platform last weekend. The Coinbase Support X account responded to users, asking them to be patient and not trust everything on the platform. Reports of attacks against Coinbase users have increased in recent weeks.

A pseudonymous security researcher claimed that multiple accounts were attacked and funds were stolen on Saturday night. The official Coinbase Support account stated that the increase in new users after the U.S. election and the reactivation of old users’ accounts led to a 2-3 times increase in fraud attempts, but the anti-fraud system successfully saved tens of millions of dollars in losses.

Researchers recently suggested that Coinbase users’ personal networks may be a risk signal due to the use of virtual personal networks. Using a virtual personal network alone will not trigger the flag, but when combined with other factors such as logging in from an unknown device and sending a large number of cryptocurrencies, it may trigger a security review.

Kraken’s chief security officer criticized Coinbase for allowing users to choose between financial freedom and privacy protection.

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