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.
Actually account freeze is the number issue of coinbase before they become this huge exchange thats is now regulated by the US. The only reason that coinbase will freeze someone account is the potential violation of there T&C. It includes bit not limited to suspicious activity on your account. I believe most of the CEX has this kind of condition for their exchange.
I believe theres a lot of issue like this against coinbase way back 2017 when the first ICO boom in crypto market because theres a lot of investors depositing on coinbase using fiat to invest on startup projects.