Base defends moving sequencer fees to Coinbase custody for 'security and audit' reasons
Article
Web URL
https://www.theblock.co/post/339698/base-defends-moving-sequencer-fees-to-coinbase-custody-for-security-and-audit-reasons
Referenced by
Base denies allegations of selling ETH sequencer fees
Crypto news
News story
Cronje noted the significant amount of fees generated ($120 million) versus what was paid to Ethereum for data availability and security ($10 million), claiming that the majority of this revenue was being moved off-chain to Coinbase
Crypto news
Quote
Base has been transferring its sequencer fee earnings to Coinbase, which has sparked criticism
Crypto news
Quote
Show more
