A disgruntled Coinbase employee, identified only as 0x58E3, created a petition on Mirror.xyz on Thursday calling for the removal of three company executives. The petition, titled Operation Revive COIN, has since been withdrawn, but a screenshot has been uploaded to the Internet Archive and other websites. Coinbase CEO, Brian Armstrong, responded to the request on Twitter.
Coinbase COO, Emily Choy, the product manager, Surojit Chatterjee, and the personnel director, LJ Brock, were the objectives of the impeachment petition by “execute plans and ideas that have led to questionable results and negative values.” The author listed in detail eight of his failures. Among them, Coinbase’s failed NFT platform, job offers to new hires being rescinded, mismanagement, creating a toxic workplace, and apathy. The petition concluded:
“We hope to find people who have had experience in the cryptocurrency space and can run such a company more responsibly.”
Coinbase co-founder and CEO Brian Armstrong used his Twitter account on Friday morning to respond to the request in a series of 16 tweets. Among other things, he tells petitioners that “Our culture is to praise in public and criticize in private.” Armstrong also said that he was surprised that he was not on the petitioners’ list of executives to be fired and suggested that disgruntled employees are the ones who should be leaving the company.
1/ This is really dumb on multiple levels https://t.co/k6fATRXvHn
— Brian Armstrong – barmstrong.eth (@brian_armstrong) June 10, 2022
Coinbase shares took a beating in the market in May as the entire cryptocurrency industry was hit by instability, which caused the concern of shareholders and customers. The exchange was also subject of insider trading rumors Recently.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.