Episode notes
Ari Paul alleges Coinbase lost $25 million of BlockTower's money and concealed more than $1 billion in hack losses. Coinbase denies hiding a series of hacks or losing $1 billion, and Paul's claims remain unverified. Tonight, Joey and Len break down the allegations, Coinbase's response, and the risks of trusting someone else with your Bitcoin.
Also on the show: Blink's security failure and customer reimbursements, the Bitget breach, and a Cashu experiment sending Bitcoin ecash through Apple's Find My network. In Canada, we examine FINTRAC's redacted suppliers, the Ontario OSAP allegations, and population revisions that change the economic picture. With weak U.S. jobs data and rising Treasury yields in the mix, the question is who gets the control—and who carries the risk when institutions fail?
What would make you move your Bitcoin off an exchange and into your own custody?
Canadian Bitcoiners Podcast
Website: https://canadianbitcoiners.com
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Ari Paul's allegations:
https://x.com/AriDavidPaul/status/2104713045398237512
Coinbase's response:
https://x.com/CoinbaseSupport/status/2104945907825349115
Unchained's reporting on the dispute:
https://unchainedcrypto.com/coinbase-faces-hack-cover-up-allegations-as-customers-claim-huge-losses/
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⚠️ Everything in this episode reflects personal opinions only and should not be considered financial advice.
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