‘Rug Pull’ Warnings Makes Coinbase Remove Crypto Links

Coinbase Global said last Thursday that it will tighten safety by removing ‘how to buy’ instructions for at least three crypto tokens that have been the subject of ‘rug pull’ warnings that investors may lose their money. The links were removed from Coinbase’s website after Reuters brought them to their attention this week, according to Jaclyn Sales, a spokesman for the cryptocurrency exchange. She also stated that the security of the company’s automatically generated web pages would be improved. Nasdaq-listed Coinbase has pages dedicated to investing in tokens, however, the pages in question were merely educational rather than offering them for trading on its app or wallet. The pages, according to Sales, were generated automatically using data from the data website CoinMarketCap and included a disclaimer that the information was not financial advice and that the exchange was not liable for ‘errors and delays.’ CoinMarketCap Denies Any Partnership With Coinbase CoinMarketCap said it was unaware of the Coinbase pages, and its vice-president of growth and operations, Shaun Heng, stated that the two companies were not affiliated. It’s unclear whether Coinbase checked the coins whose information pages were erased, according to Sales. Coinbase said in an email to Reuters on Thursday that it would ‘develop a more robust disclaimer for the pages that are being auto-created.’ And not just this, Coinbase is also planning to ‘build a pro...