The mobile phone icon for the Coinbase app shown on April 13, 2021. Photo: AP
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
The mobile phone icon for the Coinbase app shown on April 13, 2021. Photo: AP
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