On February 10, 2025, rumors emerged that Base, a Layer 2 scaling solution incubated by Coinbase, was selling Ethereum (ETH) earned from sequencer fees

Description

Event date

Feb 10, 2025 - 12:00am

Quotes that support claims

Base has been transferring its sequencer fee earnings to Coinbase, which has sparked criticism

In recent days, rumors have circulated that Coinbase, through its Layer-2 Base scalability solution, had sold Ethereum (ETH) accumulated by the network’s sequencer.