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Coinbase warns users could lose their crypto holdings if the company goes bankrupt yahoo.com/finance/news/c via

finance.yahoo.com

Coinbase warns users could lose their crypto holdings if the company goes bankrupt

Coinbase said in its first-quarter earnings report that cryptocurrency assets could become company property in the unlikely event of bankruptcy.

10:35 PM · May 12, 2022Twitter Web App

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Move your coins to a cold wallet if you haven’t sold already

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Not your keys 🔑 not your crypto!

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Lol wtf

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Damn sounds like a bankruptcy is around the corner 🤔 who's up for shorting?

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Sounds like an incentive for them to go bankrupt

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This needs to be read fully. They had to state this as a public company due to regulations. They are very well funded with loads of liquidity at the present time. They are being smart with their “costs” in an effort to lower tax burden for growth.