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It might have helped if Coinbase didn't feign 'were too big to fail' with the following in another report[0]. > In the event the crypto exchange goes bankrupt,
by karmakaze 5y ago
It might have helped if Coinbase didn't feign 'were too big to fail' with the following in another report[0].
> In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.
This is Coinbase describing self-incompetence. They could and should have protected against this long ago during normal operation. Such a declaration is sealing their fate rather than initiating a rescue.
[0] https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/ https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-as...