Coinbase exchange was launched in 2012 right? Have there ever been any cases of users' assets being frozen and never released to them? I know someone living in the united states, she said that Coinbase seized her crypto in 2020 within that COVID-19 period and to date, the assets were never released back to her. I respect coinbase so much and I am curious why such a thing would happen.
Cryptocurrency exchanges are obliged to adhere to regulatory requirements that vary based on their jurisdiction. These requirements may encompass tasks such as verifying user identities, monitoring transactions for suspicious activity, and reporting specific transactions to government entities. If a user fails to conform to these obligations or if their transactions are identified as suspicious, the exchange may be bound by law to temporarily freeze their assets until the matter is appropriately resolved.