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And (sadly in my case) Paypal. In 2020/21 I was working from home like many people. I'd been lucky enough to get an RTX3080 for my new computer build and deci
by soylentcola 2y ago
And (sadly in my case) Paypal.
In 2020/21 I was working from home like many people. I'd been lucky enough to get an RTX3080 for my new computer build and decided to experiment with mining ETH during downtime - it was winter and the office was cold anyway...
"Made" a few hundred bucks over the course of a couple of months and had it in Coinbase. They had a setup where you could sell for USD and deposit in a Paypal account, so I logged into mine - which I hadn't used in a few years - and deposited the funds.
Shortly after, my account was frozen for suspicious activity. I was told that there was no way to reverse this or obtain any further info or explanation. The funds were not returned to my Coinbase account.
In the end I just said screw it and chalked it up as a learning experience. I hadn't really created anything of value so I didn't feel as angry as if I'd been cheated out of actual work. Still, it pissed me off that as far as I can tell, Paypal essentially stole a few hundred dollars from me and there was nothing I could do about it.
I had figured that by using "legit" services and following along with all of their KYC/tax policies I would be safe. In retrospect I probably would've been better off cashing out via some questionable crypto exchange. Haven't messed with any of it since.