Coinbase Dispute Raises Broader Questions About Corporate Bitcoin Custody

BlockTower Capital founder Ari Paul’s unresolved claim that Coinbase lost his firm’s funds raises broader questions for companies holding Bitcoin (BTC) about transfer approvals and evidence that assets are in custody. In a Sept. 28 post, Paul alleged that Coinbase lost about $25 million of BlockTower’s funds. He also accused the company of concealing losses exceeding $1 billion involving at least 12 other firms. Coinbase denied hiding a series of hacks or losing $1 billion. Its public response did not address BlockTower’s specific loss claim. TokenPost previously covered Paul’s allegations and Coinbase’s response .

Source: TokenPost