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Peter Cotton, PhD

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53
Date
2022/05/11
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ML Score
5
Job
Intech Investment Management LLC | Senior Vice President. Chief Data Scientist.
Content
Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.” Coinbase users would become “general unsecured creditors,” meaning they have no right to claim any specific property from the exchange in proceedings. Their funds would become inaccessible.Coinbase is down 70% YTD.FUD?
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Link
https://www.linkedin.com/feed/update/urn:li:activity:6930191486651179008
Comments
52
Type
this
Profile
https://www.linkedin.com/in/petercotton/
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