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Ari Paul stories

Sep 28, 2026

Ari Paul accuses Coinbase of losing $25M in BlockTower funds and covering up $1B in hacks

BlockTower Capital founder Ari Paul publicly accused Coinbase of losing approximately $25 million of his firm's funds and allegedly concealing over $1 billion in security breaches through repeated hacks. Coinbase has not confirmed any of the allegations.

Sep 28, 2026·5 sources

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Top claims

▪BlockTower Capital founder Ari Paul accused Coinbase on September 28, 2026, of losing approximately $25 million of the firm's funds a couple of years prior.
▪BlockTower Capital founder Ari Paul stated on September 28, 2026, that he could not provide further details regarding the alleged $25 million Coinbase loss due to multiple ongoing legal processes.
▪Cryptocurrency exchanges should publicly disclose all security breaches regardless of size

Topics

Crypto custody regulation Institutional crypto adoption Crypto security Crypto market integrity & manipulation Crypto exchanges