Coinbase CEO: "Account Freeze Issues Decreased by 82%... Further Improvements Ongoing"
Minseung Kang
Summary
- Coinbase announced that it made the account freeze issue a top priority and reduced it by 82%.
- CEO Brian Armstrong emphasized that the company is currently focusing on problem resolution.
- Coinbase stated that additional improvements are also planned.
Amid ongoing account freeze issues on the global cryptocurrency exchange Coinbase, the company announced that it has made this a top priority and achieved tangible improvements.
On the 7th (local time), Brian Armstrong, CEO of Coinbase, stated via X (formerly Twitter), "The account freeze issue has been a serious problem that persisted much longer than we could accept," and added, "We have now made this our top priority, and in fact, it has been reduced by about 82%."
CEO Armstrong continued, "There are several causes I could list, but what's important now is that we are focused on resolving it and are seeing real progress," adding, "Further improvements are planned."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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