Coinbase CEO Blasts Employee Petition Against Executives

Turmoil inside crypto exchange has spilled out into the public.

Co-founder and Chief Executive Brian Armstrong on Friday lashed out on Twitter against an employee petition to remove several top executives..

including Chief Operating Officer Emilie Choi, Chief Product Officer Surojit Chatterjee, and Chief People Officer L.J. Brock

The petition, purportedly from Coinbase employees, appeared Thursday on a crypto site called Mirror...

complaining about the company’s recent performance and demanding executives be removed.

The petition appears to have been taken down, and it isn’t clear how many people signed it, or if it was legitimately written by a Coinbase employee.

But it was taken seriously enough by Mr. Armstrong that he decided to address it in a public forum.

“This is really dumb on multiple levels,” he wrote.

“If you want to do a vote of no confidence, you should do it on me and not blame the execs,” he wrote. “There is probably lots we can be doing better, but if you’re at a place where you want to leak stuff externally then it’s time for you to go. You’re hurting yourself and those around you.”

Coinbase declined to comment.