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coinbase bankruptcy risk shows now to trust this exchange

(Last Updated On: May 16, 2022)

coinbase bankruptcy risk looks quite possible. FOr this arrogant CEO to apologize no declaring to protect customers is another way not building trust. This Coinbase exchange has always been a complete joke to build a crypto account off of. Just remember Kraken is the only exchange with Proof of Reserve, which will have the cash to cover all customer accounts. They are also registered in Wyoming as a bank. This bankruptcy risk is real with this garbage exchange so you have been warned.

Preserve or build your wealth by watching this video

https://quantlabs.net/banking/

Is Your Crypto Safe On Coinbase? CEO Says Retail Holders At Risk

https://www.bloomberg.com/news/articles/2022-05-11/coinbase-ceo-says-no-risk-of-bankruptcy-amid-black-swan-event

https://www.coindesk.com/markets/2022/05/11/coinbase-has-no-risk-of-bankruptcy-new-10-q-disclosure-langauge-is-sec-requirement-ceo-armstrong-says/?utm_medium=referral&utm_source=feedly&utm_campaign=headlines

 

If you thought the Coinbase bankruptcy disclosures were bad… (just wait ’til you see the government’s bail-in rules) from Bitcoin

 

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