ETH to Coinbase Wrapped ETH (cbETH) wrap and unwrap transactions are being classified as trades. This classification may create cost basis discrepancies and inflated gains.

Users who wrap or unwrap ETH into cbETH.

Affected users may manually edit transaction categories to reflect their wrap or unwrap activity.

Manual edits are a temporary workaround and will be overwritten by future fixes or re-syncs. However, manual changes can sometimes result in duplicate transactions or other unintended side effects. For this reason, edits should be made with caution. Once a permanent fix is released, manually edited transactions may need to be reviewed or removed to ensure accuracy.