{"id":237127,"date":"2022-05-13T00:40:21","date_gmt":"2022-05-12T23:40:21","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=237127"},"modified":"2022-05-13T00:40:51","modified_gmt":"2022-05-12T23:40:51","slug":"coinbase-users-lose-wormhole-luna-ust-after-sending-it-to-the-exchange","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-users-lose-wormhole-luna-ust-after-sending-it-to-the-exchange\/","title":{"rendered":"Coinbase users lose Wormhole LUNA, UST after sending it to the exchange"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">During the recent <\/span><a href=\"https:\/\/cryptoslate.com\/swissborg-report-explains-cause-of-the-death-spiral-of-ust\/\"><span style=\"font-weight: 400;\">death spiral of UST and LUNA<\/span><\/a><span style=\"font-weight: 400;\">, many tried to send their tokens to their Coinbase wallets, and they ended up losing them altogether.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The problem emerged from the main Terra bridge\u2019s tendency to transfer wormhole LUNA and UST automatically. As Coinbase does not support wormhole LUNA and UST, users\u2019 tokens disappeared.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was quickly discovered that many had the same problem when the predicament was <\/span><a href=\"https:\/\/www.reddit.com\/r\/CoinBase\/comments\/umugsf\/wormhole_lunaust_on_coinbase\/\"><span style=\"font-weight: 400;\">posted<\/span><\/a><span style=\"font-weight: 400;\"> on social media.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Anyone else out there try to send\u00a0UST (wormhole) to your <a href=\"https:\/\/twitter.com\/search?q=%24UST&src=ctag&ref_src=twsrc%5Etfw\">$UST<\/a> account on coinbase recently? <\/p>\n<p>If so, please contact me so we can organize and work with the necessary parties to find a way to resolve this.<a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@coinbase<\/a> <a href=\"https:\/\/twitter.com\/CoinbaseSupport?ref_src=twsrc%5Etfw\">@CoinbaseSupport<\/a> <a href=\"https:\/\/twitter.com\/wormholecrypto?ref_src=twsrc%5Etfw\">@wormholecrypto<\/a><\/p>\n<p>&mdash; Radiofriendly123 (@radiofriendly12) <a href=\"https:\/\/twitter.com\/radiofriendly12\/status\/1523996592419840006?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b> Coinbase refuses to help<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The problem first went public on May 10. Since then, Coinbase didn\u2019t make a statement regarding the subject.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most posts on both Reddit and Twitter mention that Coinbase refuses to add wormhole LUNA and UST or refund its users. A Reddit post states:<\/span><\/p>\n<blockquote><p><b>\u201cCoinbase is telling me that they will not do anything about this and the funds are locked while also claiming that if they happen to list Wormhole LUNA\/UST one day, the funds will automatically show up\u2026They are obviously able to remediate the situation, but are choosing not to on their own accord. They also are unwilling to escalate this further.\u201d<\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The first Reddit post on the subject mentions that Binance can recover lost funds in return for a small fee in a similar situation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It will be enough to solve the problem if Coinbase adds wormhole LUNA and UST to access the ERC-20 wallets. A full-scale update, including the trading of wormhole assets, is not needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So far, individual experiences seem hopeless, and Coinbase\u2019s CEO <\/span><a href=\"https:\/\/cryptoslate.com\/people\/brian-armstrong\/\"><span style=\"font-weight: 400;\">Brian Armstrong<\/span><\/a><span style=\"font-weight: 400;\"> avoids the problem.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Can you return the <a href=\"https:\/\/twitter.com\/search?q=%24UST&src=ctag&ref_src=twsrc%5Etfw\">$UST<\/a> erc-20 (wormhole) that was received but not credited to my account. Was told it won\u2019t cause it\u2019s wormhole but when deposit it\u2019s doesn\u2019t say anything about not taking <a href=\"https:\/\/twitter.com\/search?q=%24ust&src=ctag&ref_src=twsrc%5Etfw\">$ust<\/a> just ethereum type which wormhole is<\/p>\n<p>&mdash; Haile Selassie I (@FlyHigh407) <a href=\"https:\/\/twitter.com\/FlyHigh407\/status\/1524238144463376386?ref_src=twsrc%5Etfw\">May 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b> Community is mobilizing<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In an effort to raise attention, affected users are mobilizing under a Twitter account named <\/span><i><span style=\"font-weight: 400;\">Radiofriendly123<\/span><\/i><span style=\"font-weight: 400;\">. The account tags all Coinbase accounts, asking them to fix the problem every day. For now, it has not received a response.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Day 1 asking coinbase to support UST (wormhole)<a href=\"https:\/\/twitter.com\/brian_armstrong?ref_src=twsrc%5Etfw\">@brian_armstrong<\/a> <a href=\"https:\/\/twitter.com\/wormholecrypto?ref_src=twsrc%5Etfw\">@wormholecrypto<\/a> <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@coinbase<\/a> <a href=\"https:\/\/twitter.com\/CoinbaseSupport?ref_src=twsrc%5Etfw\">@CoinbaseSupport<\/a> <\/p>\n<p>I know I&#39;m not the only one that was unaware\/unfamiliar with the changes made to <a href=\"https:\/\/t.co\/zXFHBbmqfI\">https:\/\/t.co\/zXFHBbmqfI<\/a><a href=\"https:\/\/twitter.com\/search?q=%24UST&src=ctag&ref_src=twsrc%5Etfw\">$UST<\/a><\/p>\n<p>&mdash; Radiofriendly123 (@radiofriendly12) <a href=\"https:\/\/twitter.com\/radiofriendly12\/status\/1524041952685142016?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the recent death spiral of UST and LUNA, many tried to send their tokens to their Coinbase wallets, and they ended up losing them altogether.\u00a0 The problem emerged from the main Terra bridge\u2019s tendency to transfer wormhole LUNA and UST automatically. As Coinbase does not support wormhole LUNA and UST, users\u2019 tokens disappeared. It [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":237164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,60206],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase users lose Wormhole LUNA, UST after sending it to the exchange<\/title>\n<meta name=\"description\" content=\"Coinbase users tried to send wormhole LUNA and UST to their ERC-20 exchange wallets but lost them since they are not supported by the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-users-lose-wormhole-luna-ust-after-sending-it-to-the-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase users lose Wormhole LUNA, UST after sending it to the exchange\" \/>\n<meta property=\"og:description\" content=\"Coinbase users tried to send wormhole LUNA and UST to their ERC-20 exchange wallets but lost them since they are not supported by the company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbase-users-lose-wormhole-luna-ust-after-sending-it-to-the-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-12T23:40:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-12T23:40:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/05\/wormhole-luna-coinbase.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-users-lose-wormhole-luna-ust-after-sending-it-to-the-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-users-lose-wormhole-luna-ust-after-sending-it-to-the-exchange\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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