Coinbase Chief Legal Officer: Apologizes to the community for inaccurate reports about PEPE
PANews reported on May 12 that Paul Grewal, chief legal officer of the crypto exchange Coinbase, tweeted, "We messed up the report on PEPE and we are sorry." He said that yesterday we shared an introduction about PEPE, but it did not accurately reflect the full facts and we apologize to the community. According to previous news, Twitter user borovik.eth stated that he received the latest customer email from Coinbase, which stated that PEPE’s frog symbol originated from an Internet meme and was considered a symbol of right-wing hatred. This subsequently sparked chaos on Twitter, with the hashtag "deletecoinbase" becoming a trending topic on Twitter in the early hours of Thursday morning. According to data from CoinMarketCap, PEPE has fallen more than 21% in the past 24 hours, and Coinbase stock has fallen more than 4%.