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CoinDesk - by layer3.news
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2025-02-10 10:32:49
in reply to nevent1q…lvzs

Base Team Member Refutes Claims That Its Sequencer Coinbase Has Been Selling ETH


CoinDesk (nprofile…nhef)
✍️ A member of Base, a layer 2 scaling solution, refutes rumors that Coinbase, its sequencer, has been selling Ethereum (ETH).
👉 Base member Kabir.base.eth refutes rumors that Coinbase has been selling ETH
👉 Coinbase has accumulated over $300 million in ETH
👉 Base uses offchain custody for security and audit reasons
👉 Centralized sequencers in layer 2 solutions can lead to profit models that don't align with Ethereum values

#Kabir.base.eth #Santisa #AndreCronje #technology
CoinDesk (nprofile…nhef)

Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base's ETH earnings over time," Base member Kabir.base.eth said on X.
https://www.coindesk.com/markets/2025/02/10/base-team-member-refutes-rumors-of-that-its-sequencer-coinbase-is-selling-eth

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