ARMSTRONG TWEETS EFFECT ON COINBASE WAS STRONG
An angry Coinbase employee, identified only as 0x58E3, filed a complaint with Mirror.xyz on Thursday seeking the removal of three company executives. The application, entitled Operation Revive COIN, was abolished, but was adopted by the Internet Archive and other websites. Coinbase chief executive Brian Armstrong has responded with a long comment on Twitter.
Coinbase chief operating officer Emilie Choi, chief production officer Surojit Chatterjee and chief executive officer LJ Brock were the victims of the call for the removal of "programs and ideas that have led to questionable outcomes and poor standards." The author lists eight of their mistakes in detail. They include the failed Coinbase NFT platform, withdrawing job offers from new employees, mismanagement, creating a toxic and careless work environment. The request concluded:
"We hope to find knowledgeable people in the crypto space and they can run such a company with commitment."
Coinbase founder and CEO Brian Armstrong took to Twitter on Friday morning for a series of 16 tweets. Among other things, he tells beggars, "Our culture is to praise in public, and to criticize in private." Armstrong also said he was surprised he was not on the list of applicants for executives to be fired and suggested that unhappy employees should be the ones to resign.
Coinbase shares hit the market in May when the entire crypto industry was hit by volatility, leading to tensions between shareholders and customers. It has also been the subject of recent insider trading rumors.