Coinbase, the largest US-based crypto exchange, has been questioned by some users like Ben Armstrong over the failure to distribute the Songbird airdrop tokens (SGB) to eligible XRP holders. Equally, a petition against the exchange has been launched for signing, regarding the Flare Songbird airdrop.
The world’s first Turing complete Federated Byzantine Agreement (FBA) network, Flare Network, announced its plans to airdrop Songbird (SGB) to XRP holders in July 2021. XRP holders eligible for the SGB airdrop are those who were part of the Spark (FLR) airdrop snapshot in December 2020.
Per the update by Flare Network, eligible XRP holders were to receive their appropriate SGB tokens before the end of September 2021. While some exchanges like Binance issued the SGB airdrop to qualified users, the U.S-based Coinbase exchange is yet to do so.
To this end, Ben Armstrong, the creator of BitBoy Crypto took to Twitter on Thursday to drag Coinbase and its CEO, Brian Armstrong, over the SGB airdrop non-issuance to its qualified customers. He wrote, “Wait. Coinbase didn’t give XRP holders their Songbird SGB token distribution? Uncle Brian Armstrong, What’s the deal?”
Wait… Coinbase didn’t give $XRP holders their Songbird $SGB token distribution?
Uncle @brian_armstrong WHAT’S THE DEAL?!?!@Ripple #xrparmy
— Ben Armstrong (@Bitboy_Crypto) November 24, 2022
XRP Holders Launch Petition Against Coinbase
Following that the exchange is yet to give a response to the longstanding matter, a certain XRP holder, Preston Newsom rolled out a petition with the caption saying “Coinbase users demand an answer on SGB (songbird) airdrop.”
Part of the petition read;
“Coinbase has been aware for months that they would be receiving free $SGB (Songbird) on behalf of every Coinbase user who took part in the December 12 2020 XRP snapshot. In that time, they refused to answer whether they would delegate those coins to their customers.”
“Now they have actually received the coins and still refuse to answer whether they will give their customers the $SGB (Songbird). These coins represent an enormous amount of monetary value in a time where many are in need. We demand that Coinbase makes a public statement of their intentions as well as a public apology!”
At the time of writing, 4,717 users have signed the petition but for the issue to be picked up by local news, 5000 signatures are needed.
Read Also: Flare Surpasses Decentralization Threshold, Next Is Distribution Event for XRP Holders: Details
Amid the ongoing SGB saga, Coinbase is among the 14 third-party entities to file an amicus brief in support of Ripple’s Motion for Summary Judgment in the XRP lawsuit with the SEC.
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