Ari Paul ain't buying the 'oops we misplaced it' version anymore. On September twenty ninth the BlockTower Capital founder publicly accused Coinbase of losing twenty five million dollars belonging toward his fund years back and covering up massive repeated hacks hitting other shops afterward.
▪️ Ari says he dug into it himself after being told the funds were simply lost. The trail ran past his own shop and pointed toward a wider pattern.
▪️ The whole mess blew open first when a user called Kuno posted September twenty sixth saying the exchange stole one point two million from them a year prior.
▪️ Coinbase product head Jordan Fish, better known as Cobie, jumped into the same thread and shot back that no account matching the description exists anywhere.
▪️ But real receipts exist regardless. A May twenty twenty five disclosure admitted attackers bribed customer support staff, got internal access, and ran an operation from December twenty twenty four…
▪️ That leak exposed identities, contact details, balances and transaction histories across tens of thousands of victims. The exchange refused to pay the extortion demand to delete the stolen data.
▪️ Separately zachxbt accused tiffany milanovich in August of involvement in thefts totaling at least five million dollars, including a half million drain from a single coin base account — a pattern of…
📊 Users caught in the May breach:
69,400📊 Ransom demanded by hacker:
$20 million📊 Alleged cover-up scope:
$1 billion+If you're holding funds on Coinbase, this hits close to home. Support impersonation scams are a proven vector. They already drained real accounts. The documented cases show the playbook works again and again. Meanwhile Paul's allegations are still allegations tied to active litigation — nothing proven in court yet. But the disclosure history shows breaches happened before. When they promise to investigate right now, that means watch what shows up in the next filings. Silence speaks volumes. Retail always gets the truth last. And yeah, if you're the exit liquidity, act accordingly.
💬 «We traced this to at least a dozen other affected firms and over one billion covered up.» — Ari Paul
🔮 Coinbase sliding into DMs promising to look into it while lawyers bill hourly. Who eats first when subpoenas drop?
@pixeos
