Coinbase: "Resolving 'Unnecessary Account Freezes' Issue by Improving Machine Learning Model"

Coinbase, the global crypto asset (cryptocurrency) exchange, announced that it is utilizing machine learning models to address the issue of unnecessary account freezes on its platform.

Brian Armstrong, CEO of Coinbase, stated on X (formerly Twitter) on the 6th (local time) that upgrades to the machine learning model infrastructure have solved 82% of the unnecessary account freeze issues.

CEO Armstrong said, "Account freeze issues are a top priority for Coinbase to fix, and we plan to announce further improvements to our machine learning model infrastructure moving forward."

Coinbase recently experienced a major data breach, resulting in the loss of information from approximately 70,000 customer accounts.