Santisa supported these claims with Etherscan data showing regular transfers of varying amounts of ether, labeled from the 'Base sequencer' wallet to Coinbase, with the most recent transaction involving 240 ETH
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Base defends moving sequencer fees to Coinbase custody for 'security and audit' reasons
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Rumors about Base selling Ethereum (ETH) from sequencer fees surged on February 10, originating from on-chain data showing large ETH transfers from Base to Coinbase, leading to speculation about potential sell-offs
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