Are customers done with Coinbase?

Privacy concerns looming after Coinbase flirts with the U.S Government or internal house keeping?
Source: Glassnode

A huge amount of bitcoin got withdrawn from the popular crypto exchange Coinbase earlier this week. About 31K BTC got withdrawn in a single day, resulting in a net flow of -20K BTC that day.

Many have linked this outflow to the controversy following Coinbase reaching out to the U.S government to offer crypto surveillance tools and sell blockchain analytics software to them, first reported on June 5.

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