Typical coinbase when it comes to account closures. They either don't tell their users the reason or be super vague about it but they do give time to withdraw.
Unfortunately it seems they don't always allow withdrawals, according to various complaints on the forums.
Are they simple account closures or there was some sort of investigation on coinbase end like an intrusive KYC for instance.
Just to be clear, I was talking about the former where no further question is asked. Latter is when a user had something to clear on coinbase's end hence is not necessarily about CB closing their service to them/their account.
Some instances I could find thru quick search
https://bitcointalk.org/index.php?topic=5447410 (also see post #17)
https://bitcointalk.org/index.php?topic=5458063Now, I wonder: can a company that bases its business on honesty and legality legitimately keep a user's money without allowing him to withdraw it? I mean: do they close many accounts because they don't comply with the regulations and then themselves set a very bad example of legality by withholding users' money? Even if a person, voluntarily or involuntarily, violates some point of the TOS, it is right to close the account without notice because the regulation provides for it: it is the user's responsibility to read it carefully and apply it. But it doesn't seem right at all for the account to be closed with money deposited. And that's what I fear.
I get you and I feel the same. If it were up to me, no exchange should be allowed to keep a user's fund unless supported with a solid evidence e.g. court order which of course have to be properly communicated with the other party. The sad reality is when CEXs do something questionable, best we can do is post about it since lawyer-ing up is a luxury for most people.