Monahan Slams Coinbase's Armstrong for Ignoring User Safety, Costing Over $350M
- User Safety Neglected: Taylor Monahan publicly criticized Coinbase CEO Brian Armstrong for prioritizing growth over user safety in the 2026 roadmap, resulting in over $350 million in losses in 2025, highlighting the company's long-standing neglect of security issues.
- Security Breaches Resurface: Monahan pointed out security failures tied to Coinbase Commerce, where over $15.9 million in suspicious USDC outflows occurred on Polygon in April 2024, revealing significant flaws in the company's AML and transaction monitoring systems that failed to flag abnormal activities in real time.
- Lack of Transparency: ZachXBT accused Coinbase of mishandling account lockouts and a data breach that led to user losses, failing to effectively communicate security incidents, which exacerbates the trust crisis among users regarding the platform's reliability.
- Ongoing Criticism: Despite repeated warnings from Monahan and other researchers over the past year regarding security vulnerabilities, Coinbase has yet to implement substantial measures, reflecting strategic missteps in user protection that could impact future user growth and market reputation.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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