Brian Armstrong Cryptocurrency Exchange blockchain Coinbase Binance Investments Adoption Brian Armstrong Cryptocurrency Exchange

Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings

Reading now: 925
cointelegraph.com

Coinbase was trending on Twitter on Nov. 22 after Binance CEO Changpeng Zhao, known also as CZ, sent out a tweet that appeared to question Coinbase’s Bitcoin holdings.In the since deleted tweet, CZ referenced a yahoo finance article that alleged that “Coinbase Custody holds 635,000 BTC on behalf of Grayscale.” CZ added, “4 months ago, Coinbase (I assume exchange) has less than 600K,” with a link to a 4 month old article from Bitcoinist.

The Binance CEO made it clear that he was simply quoting “news reports", and not making any claims of his own. However, his tweet was not received well by the crypto community.

Shortly after, Coinbase CEO Brian Armstrong indirectly responded to CZ in a series of tweets, stating; “If you see FUD out there - remember, our financials are public (we're a public company),“ with a link to Coinbase’s Q3 shareholder letter.

He clarified that his company holds “~2M BTC. ~$39.9B worth as of 9/30 (see our 10Q).”If you see FUD out there - remember, our financials are public (we're a public company) https://t.co/ayzN0zaqgTCZ deleted his tweet shortly afterward, stating: “Brian Armstrong just told me the numbers in the articles are wrong.

Read more on cointelegraph.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA