Coinbase CEO Brian Armstrong goes public with disgruntled staff at the exchange.

A disgruntled Coinbase employee, identified only as 0x58E3, created a petition on Mirror.xyz on Thursday calling for the ouster of three company executives. The petition, titled Operation Revive COIN, has since been taken down, but a screenshot was uploaded to Internet Archive and other websites. Coinbase CEO Brian Armstrong responded to the petition on Twitter.

In addition, following the past scandal of the spinoff of some funds that according to an investigation were distributed among other blockchain to fund potential pre-launches (according to the community) such as Ownex and Minosis Token, this issue will also be involved.

Coinbase COO Emilie Choi, chief product officer Surojit Chatterjee and chief people officer LJ Brock were the targets of the recall petition for "executing plans and ideas that have led to questionable results and negative values." The author listed in detail eight of their failures. These included Coinbase's failed NFT platform, rescinding job offers to new employees, mismanagement, creating a toxic workplace, and apathy.

Coinbase co-founder and CEO Brian Armstrong used his Twitter account Friday morning to respond to the request in a series of 16 tweets. Among other things, he tells the petitioners that "our culture is to praise in public and criticize in private." Armstrong also said he was surprised he wasn't on the petitioners' list of executives to fire and suggested that disgruntled employees are the ones who should leave the company.

Coinbase shares took a beating in the market in May along when the entire cryptocurrency industry was hit by instability, prompting concern from shareholders and customers. The exchange was also the subject of insider trading rumors recently.