U.S. cryptocurrency exchange Coinbase has just thrown some major shade on Binance, its biggest competitor, on Twitter.
The trading platform has proudly stated that it has never been hacked or shut down, adding that it’s the “safest” place to trade crypto.
Coincidently, the tweet comes after the Financial Conduct Authority barred Binance’s U.K. division from conducting any regulated activities in the country.
Binance—which suffered a hack back in 2019—is now facing severe regulatory scrutiny, with watchdogs from Britain, Canada, Japan, the Cayman Islands all cracking down on the exchange within the same week.
On July 2, Thailand's SEC also filed a criminal complaint against the largest cryptocurrency exchange.
The Coinbase tweet expectedly backfired, with pseudonymous Bitcoin developer Cobra urging the exchange not to tempt fate.