Co-founder and Chief ExecutiveBrian Armstrongon Friday lashed out on Twitter against an employee petition to remove several top executives, including Chief Operating OfficerEmilie Choi,Chief Product OfficerSurojit Chatterjee,and Chief People Officer L.J. The petition, purportedly from Coinbase employees, appeared Thursday on a crypto site called Mirror, complaining about the company’s recent performance and demanding executives be removed. The petition appears to have been taken down, and it isn’t clear how many people signed it, or if it was legitimately written by a Coinbase employee. The entire crypto sector is under pressure given the sustained selloff in bitcoin and other cryptocurrencies. Mr. Armstrong also said that posting the petition was “deeply unethical because it harms your fellow co-workers, along with shareholders and customers.

Source: Wall Street Journal June 12, 2022 10:45 UTC