{"id":9199,"date":"2026-06-27T01:51:37","date_gmt":"2026-06-26T22:51:37","guid":{"rendered":"https:\/\/handoli.com\/index.php\/2026\/06\/27\/coinbase-i-was-fired-memes-revive-on-x-amid-base-outage\/"},"modified":"2026-06-27T01:51:37","modified_gmt":"2026-06-26T22:51:37","slug":"coinbase-i-was-fired-memes-revive-on-x-amid-base-outage","status":"publish","type":"post","link":"https:\/\/handoli.com\/index.php\/2026\/06\/27\/coinbase-i-was-fired-memes-revive-on-x-amid-base-outage\/","title":{"rendered":"Coinbase \u2018I was fired\u2019 memes revive on X amid Base outage"},"content":{"rendered":"
<\/div>\n

A blue-check account on X falsely claimed<\/a> to be a freshly fired Coinbase product manager, earning nearly 200,000 views within hours. The meme fit perfectly into crypto investors\u2019 predispositions yesterday with irresistible confirmation bias.<\/p>\n

Yesterday, bitcoin and ether hit 52-week lows. Base, Coinbase\u2019s blockchain, was down for roughly two hours. Everything was going down.<\/p>\n

The account jokingly explained<\/a> that Coinbase fired Ravi Riley as \u201ca non-technical PM on the Base sequencer team and my first PR got merged to prod at noon.\u201d Multiple trackers confirmed<\/a> the roughly two-hour outage, even though it was not caused by Riley, who was never a Coinbase employee.<\/p>\n

The memetic implication was that a new hire had crashed Base and then was marched out.<\/p>\n

It is, after all, too easy to dunk on Coinbase.\u00a0The company is the largest publicly traded crypto company and probably has the largest US customer base on social media.<\/p>\n

Another Coinbase outage after Brian Armstrong fired workers<\/h2>\n

Yesterday\u2019s meme traces its origin to at least May 5. <\/p>\n

Early in the morning on that day, founder Brian Armstrong cut 700 workers, or roughly 14% of his staff. He revoked<\/a> access on the spot, before most employees started work in the morning, \u201cCoinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.\u201d<\/p>\n

Within two days, the Coinbase website went down altogether. Although the headcount reduction was probably unrelated to that outage<\/a>, it didn\u2019t matter for many critics on social media.<\/p>\n

Attempting to blame the layoffs on something positive, Armstrong framed<\/a> the cuts as an AI-driven rebuild. Tens of millions of dollars in restructuring charges would somehow improve the business with a nebulous benefit of AI.<\/p>\n

\n
\n
\n

I was fired from Coinbase today without warning. pic.twitter.com\/n0ZoQxnBRc<\/a><\/p>\n

\u2014 Never Goon (@nevergoon100) June 25, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Layoffs, then a service outage. Armstrong\u2019s memo had spawned a meme. \u201cToday I was fired from Coinbase\u201d became an<\/a> instant<\/a> hit<\/a>. <\/p>\n

The most popular variants claimed absurd job accomplishments, especially Coinbase operations that crypto traders hated: issuing<\/a> 1099s, freezing<\/a> accounts, implementing<\/a> the 4H chart, and website cacheing<\/a>.<\/p>\n

As with any meme on social media, people remake it in endless variations to make Coinbase the punchline of layoffs that never literally happened as a way to make fun of Coinbase\u2019s shortcomings.<\/p>\n

Base outage ends, but Coinbase memes continue<\/h2>\n

Yesterday, Base resumed normal block production within about two hours. Block production stalled at 16:03 UTC after a malformed block was sequenced. <\/p>\n

That consensus failure stopped the chain after block 47806542, according to the network\u2019s status incident<\/a>. Deposits, withdrawals, and on-chain activity all queued behind the bad block.\u00a0<\/p>\n

The official Base account said<\/a> only that \u201cBase Mainnet is currently halted while the team works on an issue with block production.\u201d It stressed that funds were secure.<\/p>\n

\n
\n

Did Coinbase doxx its first bitcoin mortgage customer?<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Read more: <\/em>Hot air at AWS causes Coinbase outage<\/em><\/a><\/p>\n

The timing was awkward. The stall hit hours before Base\u2019s scheduled Beryl upgrade, set for 18:00 UTC that same day<\/a>.\u00a0<\/p>\n

Anyway, the incident revived a familiar criticism. Base relies on a Coinbase-operated sequencer<\/a>, so one bad block can stall the entire network. A key sequencer also caused a chain halt in August 2025, the network\u2019s last major stall<\/a> prior to yesterday.<\/p>\n

In other words, it was easy to point a lazy finger at Coinbase for the outage. That\u2019s what<\/a> happened<\/a>.<\/p>\n

A repeat jokester makes Coinbase the punchline<\/h2>\n

Riley is a former Chainlink engineer<\/a>. His post about getting fired from Coinbase mimicked the now-standard layoff-confessional format, complete with vanished Slack access and a wistful note about reflecting. <\/p>\n

Riley is a jokester on social media and has posted another<\/a> fake layoff confessional in the past.<\/p>\n

A Community Note on X dismantled Riley\u2019s claim: \u201cRavi Riley was never employed at Coinbase, as confirmed by his X bio and LinkedIn profile listing only Brookwell as current and no prior Coinbase role.\u201d The Community Note added that his post mirrored his earlier<\/a> fake firing claim about a company called Delve.<\/p>\n

His Delve post collected 3.8 million views<\/a>, a satirical jab tied to the Delve compliance scandal. His Coinbase remix kept that general format.<\/p>\n

Despite its obvious fake content and a pending Community Note, Riley\u2019s post remained live by early morning today.<\/p>\n

Got a tip? Send us an email securely via\u00a0<\/em>Protos Leaks<\/em><\/a>. For more informed news and investigations, follow us on\u00a0X<\/a>,\u00a0<\/em>Bluesky<\/em><\/a>, and\u00a0<\/em>Google News<\/em><\/a>, or subscribe to our\u00a0<\/em>YouTube<\/em><\/a>\u00a0channel.<\/em><\/p>\n

The post Coinbase \u2018I was fired\u2019 memes revive on X amid Base outage<\/a> appeared first on Protos<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A blue-check account on X falsely claimed to be a freshly fired Coinbase product manager, earning nearly 200,000 views within hours. The meme fit perfectly into crypto investors\u2019 predispositions yesterday with irresistible confirmation bias. Yesterday, bitcoin and ether hit 52-week lows. Base, Coinbase\u2019s blockchain, was down for roughly two hours. Everything was going down. The […]<\/p>\n","protected":false},"author":1,"featured_media":9200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[147],"tags":[],"class_list":["post-9199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"_links":{"self":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/comments?post=9199"}],"version-history":[{"count":0,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media\/9200"}],"wp:attachment":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media?parent=9199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/categories?post=9199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/tags?post=9199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}