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In May 2022, cryptocurrency exchange giant Coinbase made an SEC disclosure that created turmoil in the crypto space. It warned that customer assets could be subject to proceedings if the company went bankrupt, raising questions about the risks of Coinbase's bankruptcy risk.
Shares in cryptocurrency exchange Coinbase lost almost a quarter of their value on Wednesday after it posted bleak results, while its chief executive rushed to quell what he said were unnecessary...
The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for...
In its quarterly report, Coinbase added a risk disclosure: if the company were to file for bankruptcy, the court might treat customer assets that the exchange is custodian for -- their Bitcoin,...
New York CNN — The Securities and Exchange Commission asked Coinbase to halt trading on all cryptocurrencies except for bitcoin before it sued the company in June, Coinbase’s chief executive...
The crypto exchange’s CEO, Brian Armstrong, did admit that some Coinbase users’ crypto assets may lack certain bankruptcy protections. By Weston Blasi. Last Updated: July 21, 2022, 2:04 p.m. ET.
5/11/22. Coinbase spooked customers with an admission that their crypto holdings could be at risk if the company goes bankrupt – a warning that surfaced alongside a dismal earnings report...
May 11 (Reuters) - Coinbase (COIN.O) chief executive said a disclosure in its latest quarterly filing did not indicate the largest U.S. cryptocurrency exchange faced a bankruptcy risk, and it...
In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too. Coinbase said in its earnings report Tuesday that it holds...
Coinbase on Wednesday for the first time detailed what would happen to user assets were the company to go bankrupt, a disclosure that helped drive Coinbase’s share price to new lows.