Base Refutes Ethereum Sale Allegations, Emphasizes Commitment to Ecosystem
- Base has been accused of funneling sequencer fees to Coinbase, raising transparency concerns.
- Kabir Sadarangani denied claims of ETH sales and emphasized reinvestment in Ethereum’s ecosystem.
- Coinbase’s ETH holdings slightly increased by 772 ETH during Base’s operation period.
- Sonic The Assistant highlighted a transaction moving 240.35 ETH off-chain to Coinbase.
- Base and Coinbase collectively hold over 100,000 ETH, the largest among public companies.
Base strategist Kabir Sadarangani refuted allegations of selling Ethereum holdings, stating that earnings are reinvested into the ecosystem. Despite accusations, Coinbase’s ETH holdings only saw a minor increase during Base’s operational period.
Source (2.6.1)https://cryptoslate.com/base-denies-selling-eth-says-the-network-is-committed-to-ethereum/?rand=24433
