Base clarified that transferring ETH to Coinbase is for security and auditing, rejecting claims that the funds were being sold
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Base Refutes ETH Selloff Claims, Affirms Commitment to Ethereum Ecosystem
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Coinbase and Base have on February 10, 2025, denied allegations that Base was selling Ethereum (ETH) that was earned from sequencer fees, stating that ETH transfers were for security and audit purposes, not for selling
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