If you’ve ever tried to reclaim funds from Wyoming Unclaimed Property (UP), you probably know the frustration I’m talking about. A system designed to protect citizens and return unclaimed assets often operates slowly, inconsistently, and sometimes completely unresponsively.
My Experience: Coinbase and Wyoming UP
Here’s my case: part of my funds were held at Coinbase. By law, Coinbase transferred the property to the State of Wyoming, a fact they explicitly confirmed in writing. In other words, their part of the process is fully complete.
Yet, the Wyoming Unclaimed Property Division keeps giving conflicting and inaccurate explanations for the delay, frequently blaming Coinbase, even though all evidence proves otherwise. After I submitted Coinbase’s confirmation, both UP and the State Auditor stopped responding to my emails. There has been no communication whatsoever.
To clarify, I also contacted federal regulators, including SEC and NAUPA, who confirmed that they have no jurisdiction over this matter. In short, Wyoming is the only authority responsible for resolving this issue and issuing payment.
What This Means for You
If you think this is an isolated case – it’s not. Unclaimed Property systems exist in all U.S. states and are meant to protect citizens by returning unclaimed funds. However, when state agencies refuse to communicate or provide inaccurate information, people are left without access to their rightful property.
Many companies, like Coinbase, complete their part of the process, but state agencies often use bureaucratic excuses to delay or avoid payment. This isn’t just frustrating – it’s a violation of citizens’ rights.
Why I’m Sharing This
I’m sharing my experience on 2Golo so that anyone facing similar issues knows:
1. You’re not alone – many others face similar delays across the state.
2. Document everything – keep emails, confirmations, and statements from companies. Without proof, it’s very difficult to secure payment.
3. Know who’s responsible – in this case, the Wyoming Attorney General has the authority to compel state agencies to fulfill their legal obligations.
4. Be persistent – federal regulators won’t help if it’s an internal state issue. Escalation within state channels is necessary.
Conclusion
The Unclaimed Property system is supposed to protect citizens, but in practice, it often operates slowly and lacks transparency. My case shows how state agencies can ignore evidence and avoid responsibility, even when companies like Coinbase have completed their part.
This isn’t just my problem – it’s a warning to all users and property owners: track your claims, be prepared to escalate, and know who has the power to release your funds.
At the end of the day, the 2Golo community exists to inform and support each other – because in the digital and crypto world, your rights to your assets cannot be ignored.