COINBASE & BLACKROCK’S BTC DRAMA: IS THIS A RUG OR JUST FUD?

Brian Armstrong’s out here shutting down rumors that Coinbase sold “paper Bitcoin” to BlackRock.

He says cbBTC is solid, fully backed, and Coinbase got receipts with Deloitte audits to prove it. But the crypto streets ain't buying it.

Crypto analyst Tyler Durden’s been sounding the alarm, dropping data showing Coinbase as the big buyer and seller at key highs and lows.

The talk? BlackRock’s borrowing BTC without collateral, and Coinbase might be playing puppet master on the price swings. Armstrong calls it standard ops for institutional clients.

Armstrong says privacy rules stop them from doxxing client wallets, but the skeptics still say, “Don’t trust, verify.”