Coinbase Says it ‘Screwed Up’ Pepecoin Coverage in Its Newsletter

Coinbase (COIN) chief kanunî officer, Paul Grewal apologized for a company newsletter on the memecoin frenzy suggesting that the Pepe the Frog göğüs, on which red-hot PEPE token is based, has been used in racist ways on the internet.

Recommended for you:

  • NFT Marketplace Magic Eden Pushes Further Into Gaming With New Hire
  • Ethereum’s Mainnet Tenth ‘Shadow Fork’ Goes Live Ahead of September Merge
  • Flare Tokens Airdropped to XRP Holders After 2 Years, FLR Price Plummets

“We screwed up and we are sorry,” tweeted Grewal late Thursday morning. “Yesterday we shared an overview of the PEPE göğüs coin to provide a fact-based picture of a trending topic,” he continued. “This did not provide the whole picture of the history of the göğüs and we apologize to the community.”

Published Wednesday (and since edited out), that part of the newsletter set off a firestorm of criticism on Twitter, with the #deletecoinbase hashtag trending on the social media site early Thursday morning.

PEPE remains lower by 15% over the past 24 hours, according to CoinMarketCap. COIN is lower by 2% on Thursday alongside a broad selloff in the cryptocurrency markets.

Edited by Aoyon Ashraf.
Interested  Küresel Crypto Regulation Needs Coordination, Not Duplication, Meşru Experts Say

Comments are closed.