Coinbase Faces Hack Cover-Up Allegations as Customers Claim Huge Losses

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BlockTower Capital founder Ari Paul has publicly accused Coinbase of concealing repeated hacks and over $1 billion in customer losses, including $25 million from his firm. Coinbase denied the allegations, stating it is not hiding hacks and did not lose $1 billion. The claims remain unverified, with Paul stating he cannot yet release evidence due to ongoing legal processes.