Armstrong Public Of Coinbase’s Internal Discontent

The petition was swiftly erased, and the quantity of signatures was not displayed, but its list of complaints about Coinbase’s current state drew a strong response from the CEO.

On Thursday, a dissatisfied Coinbase employee known only as 0x58E3 started a petition on Mirror.xyz demanding that three business officials be fired. The petition, titled Operation Revive COIN, was pulled down, but the Internet Archive and other websites were able to capture it.

Coinbase CEO Brian Armstrong reacted extensively

The petition for removal was directed at Coinbase’s chief operating officer Emilie Choi, chief product officer Surojit Chatterjee, and chief people officer LJ Brock for “executing plans and concepts that have resulted in doubtful results and bad values.”

The author went into great length on eight of these flaws. Mismanagement, creating a poisonous environment, and indifference were among them. They included the failed Coinbase NFT platform, rescinding job offers to new employees, mismanagement, generating a toxic workplace, and apathy. The petition finished as follows:

“We hope to find people who have had experience in the crypto space and can run such a company more responsibly.”

Brian Armstrong, co-founder and CEO of Coinbase, posted a series of 16 posts on Twitter on Friday morning. He reminds the petitioners, among other things, that “our culture is to laud in public and condemn in private.” Armstrong also expressed surprise that he was not included on the petitioners’ list of CEOs to fire, implying that it is the disgruntled employees who should be fired.

In May, when the entire crypto industry was rocked by insecurity, Coinbase stock took a battering on the market, causing alarm among investors and customers. It was also lately the subject of insider trading rumors.

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