Bitboy calls on Coinbase not to distribute SGB tokens to XRP holders

Bitboy Crypto is alarmed that Coinbase has yet to distribute SGB airdrop tokens to XRP holders.

Cryptocurrency influencer and YouTuber Ben Armstrong, AKA Bitboy Crypto, has called out Coinbase and its CEO Brian Armstrong for failing to distribute Songbird (SGB) airdrop tokens to XRP holders.

Wait… Coinbase didn’t give Ripple hold their songbirds $SGB Token distribution?

uncle @brian_armstrong How is this going? ?@ripple #xrparmy

— Ben Armstrong (@Bitboy_Crypto) November 24, 2022

Notably, it has been over a year since Flare Networks distributed the SGB airdrop. However, in the December 2020 screenshot of the airdrop, Coinbase has yet to distribute SGB tokens to customers who hold XRP on the exchange.

For the uninitiated, SGB is the native token of Flare Networks’ Canary network. Notably, it serves as a stress test network for Flare Networks. As with the FLR airdrop, Flare Networks promised XRP holders a distribution of SGB tokens in the screenshot. Therefore, Flare Networks decentralized Tokens for September 2021.

Given Coinbase’s silence on the issue, the cross-section of XRP holders is affected roll out A petition to get answers from the leading cryptocurrency exchange. The petition disclosed that Coinbase did not provide users with any explanation for its delayed token distribution. So, according to the petition, users are asking the exchange to issue an official statement of its intentions and issue a public apology.

It’s unclear when users started the petition, but as of press time, it had garnered 4,715 of the 5,000 signatures needed.

Notably, in December 2020, Coinbase Commitment Support for FLR airdrop but no mention of SGB token airdrop confuses investors.

According to a statement from Flare Networks in July 2021, all exchanges that committed to support FLR drops should have received SGB tokens in their wallets for FLR drops, emphasizing that distribution to customers is at the discretion of these exchanges .

All exchanges that support distribution $FLR will also receive $SGB to them for $FLR distribution (but with a different chain ID).they can distribute $SGB Offer to their customers when and if they wish to do so.

— Flare☀ (@FlareNetworks) July 26, 2021

Bitboy has recently become an ardent supporter of XRP, claiming that other members of the cryptocurrency community owe the XRP community an apology. On the other hand, he has recently been critical of Coinbase CEO Brian Armstrong, saying he wants to destroy cryptocurrencies.

At press time, SGB was trading at $0.01187, up 8.72% over the past 24 hours.

Information source: compiled from THECRYPTOBASIC by 0x information.The copyright belongs to the author Ammara, without permission, may not be reproduced

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