Funds at Coinbase Are Safe Says Armstrong | CoinMarketCap

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Coinbase denies risk of bankruptcy 🚫 Users on CT pointed out the new company disclosure, where user funds would be treated as 'unsecured creditors' 😨 Read more ⬇️

With crypto markets in turmoil, Coinbase CEO Brian Armstrong came forward with a statement saying funds at Coinbase are safe.

Alert users on Crypto Twitter correctly pointed out that the company disclosure said user funds would be treated as "unsecured creditors" in case of bankruptcy. This would mean that users would be held liable to bail out Coinbase. Not your keys, not your coins, as crypto users tend to say.

 

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