PANews reported on October 20th that Cryptopolitan reported that Coinbase's Base network hackathon is under intense criticism. Community members have discovered possible ties between the winning projects and Coinbase employees. Last month, the platform held its "On-Chain Summer Prize" competition, with over 500 developer teams vying for a $200,000 prize. Organizers claimed the winners were selected based on their applications' actual user engagement. However, when the results were announced on October 7th, developers noticed something fishy. Ogvio co-founder Alanas conducted an in-depth investigation and discovered that the second and third-place winners, owatch and Opi Trade, appeared to be fake applications—AI-generated web pages with no real functionality. Furthermore, these fake projects were linked to Coinbase employees. Legitimate teams with actual products lost out to the shell projects. Many developers with existing, functional applications were among the participants, and they angrily demanded an explanation on social media from the Base team regarding the fake projects' awards, but the organizers remained silent.PANews reported on October 20th that Cryptopolitan reported that Coinbase's Base network hackathon is under intense criticism. Community members have discovered possible ties between the winning projects and Coinbase employees. Last month, the platform held its "On-Chain Summer Prize" competition, with over 500 developer teams vying for a $200,000 prize. Organizers claimed the winners were selected based on their applications' actual user engagement. However, when the results were announced on October 7th, developers noticed something fishy. Ogvio co-founder Alanas conducted an in-depth investigation and discovered that the second and third-place winners, owatch and Opi Trade, appeared to be fake applications—AI-generated web pages with no real functionality. Furthermore, these fake projects were linked to Coinbase employees. Legitimate teams with actual products lost out to the shell projects. Many developers with existing, functional applications were among the participants, and they angrily demanded an explanation on social media from the Base team regarding the fake projects' awards, but the organizers remained silent.
Coinbase Hackathon Accused of Awarding Prizes to Fake Apps Linked to Employees
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PANews reported on October 20th that Cryptopolitan reported that Coinbase's Base network hackathon is under intense criticism. Community members have discovered possible ties between the winning projects and Coinbase employees. Last month, the platform held its "On-Chain Summer Prize" competition, with over 500 developer teams vying for a $200,000 prize. Organizers claimed the winners were selected based on their applications' actual user engagement. However, when the results were announced on October 7th, developers noticed something fishy. Ogvio co-founder Alanas conducted an in-depth investigation and discovered that the second and third-place winners, owatch and Opi Trade, appeared to be fake applications—AI-generated web pages with no real functionality. Furthermore, these fake projects were linked to Coinbase employees. Legitimate teams with actual products lost out to the shell projects. Many developers with existing, functional applications were among the participants, and they angrily demanded an explanation on social media from the Base team regarding the fake projects' awards, but the organizers remained silent.
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