Coinbase Tells User Missing $96,000 After Security Breach Is His Problem, Suit Claims
- Account holder claims he lost almost all savings from a hack
- Ferguson says Coinbase responsible for unauthorized withdrawal
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Coinbase Global Inc. says it’s not responsible for losses stemming from a security breach, according to an account holder who sued in an attempt to recover $96,000 that he says was stolen from him.
Jared Ferguson of Staten Island, New York, claims he received a text from his mobile carrier in May describing a SIM card change request that he hadn’t made. When he restored service to his iPhone the next day with a new card, Ferguson said he learned that almost his entire life savings was gone from his Coinbase account.