Coinbase CEO Says New Disclosure Does Not Mean Firm Faces Bankruptcy Risk

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - The chief executive of Coinbase said a disclosure in its latest quarterly filing did not indicate the cryptocurrency exchange operator faced a bankruptcy risk and it had been made to meet a US Securities and Exchange Commission (SEC) requirement.

Brian Armstrong made his comments after Coinbase said on Tuesday that, in the event of bankruptcy, crypto assets held by the exchange could be considered property of the bankruptcy proceedings and customers could be treated as general unsecured creditors.