Coinbase allegations expose bitcoin's corporate governance gap
- —Ari Paul accused Coinbase of losing ~$25M and concealing $1B+ in hacks
- —Coinbase denies the allegations; Paul cites active litigation for withholding evidence
- —Deloitte: 42% of CFOs cite accounting and controls complexity as a bitcoin barrier
- —Jameson Lopp's tracker logs 360+ physical attacks on holders since 2014
Why it matters: Without verifiable custody controls, corporate bitcoin adoption will stall and trust in custodians will rest on unverifiable claims.
Source: CoinDesk