After duplicating charges and draining users’ accounts, Visa has accepted responsibility for the gross error — after initially claiming Coinbase was to blame.
Over the past week, Coinbase users have been experiencing a rather unpleasant situation.
Numerous users reported erroneous duplicate charges on their credit and debit cards, effectively draining users’ bank accounts and leaving many individuals in potentially dangerous situations.
After initially confirming the reports, Coinbase passed the blame for the situation on to Visa, stating the “erroneous credit and debit charges are the result of Visa reversing and recharging transactions. This was not done by Coinbase.” Many individuals, however, were not convinced.