Coinbase Accused of Covering Up Hacks Worth $1B

Crypto investor Ari Paul accuses Coinbase of mishandling customer funds and covering up massive hacks. According to Paul, Coinbase lost $25 million of his firm's assets two years ago.

The alleged hack cover-up involved nine figures in total, affecting at least a dozen other firms. Paul states that Coinbase represented to investors and customers that they were never hacked, which he claims is 'radically false'.

Coinbase has extensive internal documentation of their deliberate misrepresentation of the hacks to customers and investors.