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Analyst Tyler Durden , a well-known critic over the weekend accused Coinbase of allowing the company managing the largest spot bitcoin ETF, BlackRock , to borrow the cryptocurrency without posting any collateral.
Durden went on to say that would be an easy case of market manipulation and also lead to profits from price fluctuations.
The accusations followed a post from Tron founder Justin Sun , in which he criticized Coinbase ’s new wrapped bitcoin product, cbBTC, as lacking any Proof of Reserves or audits.
Bloomberg ETF analyst James Seyffart called them baseless rumors and conspiracy theories.
VR Score
37
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23
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33
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English
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49
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