Coinbase’s top lawyer issued an apology Thursday to the PepeCoin (PEPE) community, capping off a frenzied 24-hour period during which the memecoin’s diehard fan base instigated a vocal campaign against the major crypto exchange.

Fans and holders of PEPE were upset at Coinbase for describing the original Pepe the Frog meme—on which the popular coin is based—as having been “co-opted as a hate symbol by alt-right groups” in a Wednesday newsletter

“We screwed up and we are sorry,” Coinbase Chief Legal Officer Paul Grewal tweeted Thursday. “Yesterday, we shared an overview of the PEPE meme coin to provide a fact-based picture of a trending topic. This did not provide the whole picture of the history of the meme and we apologize to the community.”

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Author: Sander Lutz

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