Coinbase removes cryptocurrency links after 'rug pull' warnings


FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Photo

LONDON/WASHINGTON (Reuters) - Coinbase Global has removed 'how to buy' instructions for at least three crypto tokens which have been the subject of 'rug pull' warnings that investors may lose their money, saying on Thursday it plans to improve safeguards.

Jaclyn Sales, a spokesperson for Coinbase, said the links were removed from the cryptocurrency exchange's website after they were brought to its attention this week by Reuters. There would also be an upgrade in safeguards on its auto-created webpages, she said.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

TikTok's Canada unit seeks judicial review of shutdown orders
Bain to raise offer for Fuji Soft above KKR, Nikkei reports
OpenAI to release long-anticipated Sora video generation service
Meta warns against holiday shopping scams
Towards a simplified universal charging protocol for electric cars
OpenAI CFO sees Trump as AI president, trusts Musk to prioritize national interest
Google asks FTC to break up Microsoft's cloud deal with OpenAI, the Information says
Taylor Swift and bitcoin among most popular Alexa UK queries in 2024
Google's biggest bet is AI for search, investment chief says
S&P Global downgrades Intel's credit rating on slow recovery, management changes

Others Also Read