Coinbase’s announcement: Coinbase requires users to withdraw CGLD by January 13, 2025, to retain access to their funds. The migration will occur via a hard fork on January 16, 2025.

Community criticism: The refusal to support the upgrade has faced considerable backlash, especially regarding its impact on the Ethereum ecosystem. Marek Olszewski, co-founder of Celo, expressed disappointment over the decision.

Insights from experts: Experts like Anthony Sassano and Alex Witt have also raised concerns about Coinbase’s approach to this issue. They questioned the reasons behind the lack of support and how it aligns with Coinbase’s mission.