Click Here: Coinbase H-1B Visa Scam? Layoffs Spark Uproar

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the company’s layoff is a result of restructurin’ and a thirst for machine-smarts, not some wild visa sale scheme.

US law prohibits companies from selling or transferring H-1B visas, which are government-issued permissions.
The H-1B programme requires employers to file petitions and meet specific wage requirements before hiring foreign workers.

Verdict: FALSE Claims that Coinbase sold H-1B visas while whittlin’ US jobs are as sound as a hollow drum. Visas, mind you, are issued by the government and cannot be bought or sold by a company, no matter how much they might fancy such shenanigans.

The firm’s planned layoffs, affectin’ about 14% of staff, are tied to restructurin’ and the march of artificial intelligence, not immigration practices. References to an “H-1B coin” also lack any verified listing and appear to spring from misread online chatter.

The Claim

A viral claim has spread on social media alleging that Coinbase was “selling H-1B visas” while cutting US jobs. The post linked the company’s recent layoffs to immigration practices, but there is no evidence to support that connection. Coinbase has said the job cuts relate to restructurin’ and broader market conditions in the United States.

The claim emerged after Coinbase confirmed an internal memo outlining layoffs affectin’ about 14% of its workforce. The post by an X user who goes by Libs of TikTok further suggested the company used H-1B visas to replace US employees. However, US law does not allow companies to sell visas, and Coinbase has not announced any such practice.

YOU ARE NOT GOING TO BELIEVE THIS

Coinbase appears to literally SELL H-1B visas on their site!!

Last year they got nearly 200 H-1B visas.

Now they’re doing mass layoffs…

Woke Coinbase is REPLACING Americans with foreign H-1Bs and helping others do it too‼️

– Libs of TikTok (@libsoftiktok) May 5, 2026

What the Rules Show

The H-1B programme runs under the US Citizenship and Immigration Services framework. It allows US employers to sponsor foreign workers in specialized roles. However, employers must file petitions, meet wage requirements, and receive approval before hiring. Visas remain government-issued permissions and cannot be traded or sold by companies.

USCIS also requires Form I-129 approval before any worker starts employment. Hence, companies cannot sell or transfer H-1B visas on their own. A review of Coinbase’s public platforms also shows no product or service related to visa sales or immigration offerings.

The viral post also mentioned a so-called “H-1B coin” linked to Coinbase. However, no verified listing or product exists on the exchange matching that claim. As a result, the reference appears to come from misread screenshots and unrelated market charts.

I find it very odd that they’re selling an H-1B visa coin and also replacing Americans with H-1B foreigners. Coinbase is the H-1B crypto exchange

– Libs of TikTok (@libsoftiktok) May 5, 2026

What’s Actually Happening

Coinbase CEO Brian Armstrong confirmed yesterday that the company will cut about 14% of its workforce. In a post on X, he said the decision reflects market pressure and the growing use of artificial intelligence across operations. He also noted that automation has changed how teams build software and manage internal workflows.

Armstrong outlined additional restructuring measures, including fewer management layers and the introduction of “AI-native pods.” The company described the changes as an internal redesign of operations rather than a shift linked to immigration hiring. Based on reported figures, the cuts affect roughly 700 employees.

The Bottom Line

Claims linking Coinbase’s layoffs to visa sales rely on misinterpreted information and lack factual support. US immigration rules make such practices impossible.

The workforce reductions instead reflect restructuring and broader industry changes as firms adapt to automation and cost pressures.

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2026-05-06 15:00