It looks like Coinbase has a problem managing their float of Bitcoins and/or serious risk management problems.
There was a story yesterday about someone wiring over tens of thousands of dollars and not hearing back for 1-2 weeks.
My theory is that Coinbase are performing some kind of proprietary trading and have burnt themselves badly, and to recover losses, they are front-running customers and delaying trade settlement.
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You cannot reverse bitcoin transaction. It either happened or not, determined by the broadcasted block chain.
It's a Coinbase transaction and not a Bitcoin transaction that's at issue.
It looks like Coinbase has a problem managing their float of Bitcoins and/or serious risk management problems.
There was a story yesterday about someone wiring over tens of thousands of dollars and not hearing back for 1-2 weeks.
My theory is that Coinbase are performing some kind of proprietary trading and have burnt themselves badly, and to recover losses, they are front-running customers and delaying trade settlement.