Security· ★★★★· bearish·

BlockTower founder Ari Paul: Coinbase covered up over $1B in hacks

  • —BlockTower lost $25 million that Coinbase called "lost"
  • —Ari Paul alleges a cover-up of repeated hacking attacks
  • —At least ten other institutions were affected
  • —Concealed losses exceed $1 billion and remain unrecovered
Why it matters: The allegations against the largest US-listed crypto exchange pose reputational and legal risks for Coinbase and its clients.
Source: ChainCatcher 链捕手