Will Coinbase go bankrupt? CEO says company has 'no risk of bankruptcy'

That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -0.35%.

But if such a “black swan event,” as Armstrong labeled it, ever occurred, some retail investors on the exchange may lose out on their crypto if a court deems those assets as part of the company in legal proceedings, he said. “Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors,” Coinbase wrote in the SEC filing.

🧢

Liar

LOL, which means it's going bankrupt shitcoins

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Amazon's CEO Pay Is More Than 6,000 Times That of the Company's Typical WorkerLow-wage corporations have continued to pump up CEO pay during COVID while workers are struggling with rising costs. How big is the bottle the CEO can use to relieve himself? Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Boycott Amazon!
مصدر: truthout - 🏆 69. / 68 اقرأ أكثر »

#FoundersConnect: Godwin Tom, Serial Entrepreneur, Music Business Mogul & CEO of iMANAGE AFRICA | HackerNoon'FoundersConnect: Godwin Tom, Serial Entrepreneur, Music Business Mogul & CEO of iMANAGE AFRICA' youtubetranscripts peaceitimi
مصدر: hackernoon - 🏆 532. / 51 اقرأ أكثر »