The mobile phone icon for the Coinbase app shown on April 13, 2021. Photo: AP
Coinbase tells users what happens to their crypto if it goes bankrupt, which could leave them last to get paid
- A new company disclosure suggests that Coinbase users would be treated as general unsecured creditors in the event of a bankruptcy
- Coinbase CEO Brian Armstrong later clarified that the company is not at risk of going bankrupt
The mobile phone icon for the Coinbase app shown on April 13, 2021. Photo: AP