Coinbase Quarterly Earnings Report Reveals New Bankruptcy Risks To Investors

Coinbase’s Q1 earnings report raised eyebrows earlier today by adding an update that states that Coinbase can leverage stored crypto funds of users in the event of bankruptcy Coinbase’s CEO Brian Armstrong later denied such claims by adding that their funds are safe and secure under the exchange’s custody.  Earlier today, crypto exchange Coinbase shared its 10-Q disclosure report, declaring losses worth $430 million that the company had suffered in the first quarter of 2022.  Along the lines, the report […]