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$ 663.6 million
has shared that it is Creating real progress in repairing one of its long -term problems, an unnecessary account freezes.
According to Director Brian Armstrong, Coinbase has managed to reduce these incidents by 82%with more changes planned in the coming months.
Armstrong shared ua 7. June post on x That question existed for too long and needed serious attention. He said the improvements were already ongoing and was encouraged by users who still face problems to directly contact Coinbase support.
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Coinbase attributes most of the recent progress Dor LeviMember of the product team that joined in April. He was brought to focus on solving freezing problems. Levi said the team had made strong progress by improveing internal coinbase systems. This included changes in the way the platform uses machine learning to detect risky behavior.
Explained to models more precise, The system is better in deciding when a restriction is really needed. This means that fewer accounts are frozen by mistake.
However, both Armstrong and Levi pointed out that Coin will continue to block accounts when it requires the law including court orders and sanctions.
This update follows a recent incident in which personal information is Over 70,000 users are exposed in a security violation.
Coinbase learned in January that one of his support contractors was threatened by information about the user, but did not disclose the incident until May. How did it happen? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
