A Little Red Book user claimed that their Coinbase account was closed due to inactivity, and their BTC was converted into unclaimed property.

Wu learned that a user on a certain Xiaohongshu community claimed that by the end of 2021, due to security concerns, they transferred all their coins to Coinbase and occasionally logged in to check. In June 2024, they found that they couldn't log in to their account. After consulting Coinbase customer service, they discovered that their account had been closed, and the $BTC was sold by Coinbase and sent to an institution in Wyoming. The reason given was that their account had been inactive for a long time, and the assets were considered "unclaimed property." Checking the relevant explanation on the Coinbase website, it stated that according to different state laws, accounts inactive for 3-5 years would be classified as Unclaimed Property. By following Wyoming's Unclaimed Property Division website, they found that this situation was not unique.