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State of Colorado has been taking "unclaimed" crypto from Coinbase accounts (lemmy.world)
submitted 2 weeks ago by to c/denver@lemmy.world
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I have been trying to let people know about this and to find out more about what's going on.

What law brought crypto into unclaimed assets?

How long has this been going on?

For me personally, I wasn't able to log in since 2023. Finally got in this year and saw in 2025 they gave me a notice they would take funds out. This was after seeing coins sent out of my Coinbase account with no wallet address or merchant listed.

So during the fraud process with support I looked for a phishing email. The chat support seemed to not know what was going on due to anti money laundering regulations.

Coinbase reached out to me when I posted about it on Reddit.

I think, it's a Colorado issue though. Not that I haven't had issues with Coinbase in the past.

Email from Coinbase stating Colorado will receive unclaimed crypto
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[–] 10 points 2 weeks ago* (18 children)

Lol...

It's every state, and they do it for all unclaimed property.

They're not stealing it, every state has a website. Type in your name and it will list every amount and where it came from. Prove you're that person by supplying current banking info in your name, and they'll send you the money.

Edit:

You should probably check if you have anything else:

https://unclaimedproperty.colorado.gov/app/claim-search

Like, say you forgot to close a checking account with $20 a decade ago. Eventually the bank doesn't want it, they turn it into the state. The state doesn't care if you get it, so they wait for people to ask.

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  • [–] [S] 0 points 2 weeks ago (2 children)

    Yea I checked that portal.

    There's exactly one account listed for Coinbase.

    What do you think happens to the "unclaimed" accounts?

    Those aren't listed.

    I think, you don't consider this stealing or a violation of the Fourth Amendment.

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