The founder of Coinbase began to cover his tracks on Twitter and even deleted archival copies of tweets
Date: 2023-07-11 Author: Karina Ziganova Categories: BUSINESS, IN WORLD
Members of the cryptocurrency community began to restore the deleted messages of the head of the crypto exchange bit by bit.
The founder of the American cryptocurrency exchange Coinbase, Brian Armstrong, cleaned up more than a hundred of his messages on Twitter. This drew the attention of a Twitter user under the nickname Pledditor. He found out that the CEO of the crypto exchange not only erased controversial tweets, but also deleted their archived copies in the Wayback Machine. At the time of writing, Armstrong has not commented on his actions.
The cryptocurrency community called for tracking all the statements of the head of Coinbase from 2015 to 2018. As noted by Pledditor, it was then that the creator of the crypto exchange made the most provocative statements on the social network. Those interested in the idea have already deployed an archive on GitHub, where they collected hundreds of Armstrong's tweets up to 2013.
In deleted tweets, the founder of Coinbase called for an increase in the block size in the Bitcoin network, announced the launch of the Bitcoin XT bitcoin fork in Coinbase (which did not receive support among the crypto community), complained about the removal of the crypto exchange from the bitcoin.org forum due to lobbying for a position to increase the block size, linked the bitcoin (BTC) rate pump allegedly with the community's request to increase the block size.
Armstrong also argued that XRP, stellar (XLM) and other altcoins (on which the entire Coinbase business is now built) are only good for fun and urged the community to focus on bitcoin and its sidechains.
Conflict of interest and racial diversity
Also under scrutiny was Armstrong's deleted tweet, where he praised Coinbase for its inclusiveness and diversity of personnel. These statements are notable for the fact that later journalists from The New York Times conducted an investigation and found out about the harassment of workers of the crypto exchange on a discriminatory basis.
In other tweets, Armstrong publicly agrees to list the LTC altcoin, created at the time by Coinbase employee Charlie Lee. Pledditor also found out that just a day before Armstrong published the conflict of interest policy, Charlie Lee sold all his reserves in LTC. In addition, in deleted tweets, the head of Coinbase criticized the stablecoin tether (USDT) and praised USD coin (USDC). As noted by Pledditor, starting in 2019, the Coinbase founder suddenly stopped making ambiguous public statements on the social network. The crypto community believes that Armstrong is trying to cover his tracks against the backdrop of Coinbase's litigation with the US Securities and Exchange Commission.
