Coinbase Front-Runs an Upcoming “Negative” New York Times Article


On Wednesday, Coinbase not only cautioned the industry of the Treasury Secretary's intentions to regulate self-custodied wallets but showed another bout of transparency.

In its attempt to front-run the New York Times, the San Francisco-based cryptocurrency exchange said NYT is “planning to publish a negative story about Coinbase” in the next few days regarding its apolitical stance.

Coinbase says it doesn’t care what NYT thinks, but what they do care about is “our employees,” and as such, they put out this explanation for everyone.

The story, for which The Times reporter Nathaniel Popper has been reaching out to Coinbase employees, reportedly will allege that “several Black employees had negative experiences at Coinbase over the last few years,” wrote the exchange. It further said,

“The story will likely imply that Black employees were discriminated against during this process; this is false.”

While the story is likely to allege that several Black employees filed complaints with the company, the reality is there have been “only three” such people that did that.

Coinbase is basically expecting the story to paint “an inaccurate picture” as such, the exchange wants to convey that it is “committed to maintaining an environment that is safe, supportive and welcoming to employees of all backgrounds,” don’t be political at the workplace, of course.

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