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Coinbase CEO Assures Fully Backed Bitcoin Reserves, Binance's CEO Deletes Doubtful Tweet

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Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ). Twitter’s crypto community considered CZ's suggestive tweet to be both ignorant and uncalled for. For example, Messari founder Ryan Selkis pointed out that Coinbase already had audited financials proving it held roughly 2 million Bitcoin. 

Binance’s CEO ultimately removed the tweet after receiving a DM from Brian Armstrong detailing those same financials, promising to “work together to improve transparency in the industry.”

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