In a social media post in 2022, Mr. Armstrong said the company was up to 103 million verified users. He repeated the figure in a YouTube video that year, and the company cited it in securities filings.
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S.E.C. Investigating Whether Coinbase Misstated Its User Numbers
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Brian Armstrong, CEO of Coinbase, publicly claimed in 2022 that the company had 103 million verified users, a figure also cited in securities filings
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