Coinbase Accused of Hiding $25M Loss of BlockTower Funds Amid Broader Security Breaches

Ari Paul, founder and Chief Investment Officer of BlockTower Capital, has made serious allegations against Coinbase.

In a public social media post on September 28, Paul accused Coinbase of losing approximately $25 million of his firm's money and then covering it up.

This alleged loss is part of a broader pattern of security breaches affecting more than a dozen financial institutions, with total undisclosed losses estimated to be over $1 billion by Paul.

No independent verification of these figures has emerged, and no credible third-party evidence has been published to corroborate the timeline or scope of the alleged breaches.