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MindlessSelf

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MindlessSelf

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Wednesday, 05/11/2022 11:28:45 AM

Wednesday, May 11, 2022 11:28:45 AM

Post# of 35953
https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/amp/

Coinbase earnings were bad. Worse still, the crypto exchange is now warning that bankruptcy could wipe out user funds


I store my crypto at Nexo but this is something that could happen to me or anyone that does not hold their crypto in their own personal digital wallet. If the exchange gets attached by government or people bail on crypto and force exchange into bankruptcy, the assets on exchange could be lost. Coinbase is #1 exchange in US. They just reported quarterly loss of 430 million.
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