Community report

Coin Quant AI connected to Coinbase and burned 800 USDT through bot trades

Filed 2 hours ago
Category Trading Platform
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Main Report

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Do not assume your funds are safe just because a bot says it has no withdrawal access.

I connected Coin Quant AI to my Coinbase account through an API trading setup. The platform did not need to directly withdraw the funds; it initiated losing trades through the bot and drained my balance that way. I lost 800 USDT.

This is the danger with API trading platforms. If trade permissions are active, a malicious or reckless bot can still destroy the account. I would not connect Coin Quant AI to any exchange account.

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