Coinbase CEO Says ‘We Have No Risk of Bankruptcy’

Published by
The Street

By Luc Olinga CEO Brian Armstrong tries to reassure after crypto exchange says customers can be treated as general unsecured creditors. Coinbase (COIN) is in the line of fire. The popular crypto exchange sits at the center of the rout in the cryptocurrency market, which like the stock market is getting hammered by investors’ intensifying fears about slowing growth. In the company’s first-quarter results, filed in its 10-Q document at the Securities and Exchange Commission, there’s this: “Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the …

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