Coinbase's refusal to support Celo's transition from a Layer 1 blockchain to a Layer 2 blockchain on Ethereum has sparked controversy in the crypto community. Users are advised to withdraw their CGLD tokens before January 13, 2025 to avoid losing access. The cessation of block production on the Celo L1 network following the January 16, 2025 hard fork has many concerned about the impact on Ethereum's scaling ecosystem.

Celo co-founder Marek Olszewski expressed disappointment, saying that Coinbase's decision hinders Ethereum's Layer 2 scaling vision. Anthony Sassano and Alex Witt also criticized the move, saying there may be bias towards Coinbase's Base network. 🌐