Coinbase warns its 98million customers they may lose ALL their crypto if company goes bankrupt

RowdySadjit · May 12, 2022

Coinbase warns customers they may lose crypto if company goes bankrupt

Following an epic share price decline of more than 27% this week, Coinbase issued a stark warning to customers, your money is at risk if the crypto exchange goes bankrupt.

www.dailymail.co.uk

Interesting! Discuss...

Steeky · May 12, 2022

lol I never trusted other people to hold my crypto

Starblazer · May 12, 2022

It's a good way to go bankrupt. I think at least 20% people will either transfer their funds out of panic or find alternatives.

Alexion · May 12, 2022

Mt.gox all over again soon ))

NirvanaWolf · May 12, 2022

Trezor and Ledger founders creaming their pants as we speak.

roydan · May 12, 2022

Not your keys, not your ctypro.

nakamura · May 12, 2022

Funny Coinbase "warns" their users. Did you guys check how much money their CEO gave himself as a "bonus"? Its absolutely ridiculous

Mr Positive · May 12, 2022

I always say no to exchanges, electrum for btc or any non kyc wallet with access to private keys is what one needs. Good bye coinbase you won’t be missed

TomTheCat · May 12, 2022

Mr Positive said:
I always say no to exchanges, electrum for btc or any non kyc wallet with access to private keys is what one needs. Good bye coinbase you won’t be missed

Binance is next. That's why CZ moved to Dubai, so he wouldn't go to jail.

RowdySadjit · May 12, 2022

Indeed, always thought it went against the ethos of what crypto is about decentralization however for adoption exchanges helped bring in the traders who must have quick exchanges and those are the ones who it is affecting.

Several times I read reddit titles

I just put our life savings in crypto and now it's crashing, what should I tell my wife?

Mr Positive · May 12, 2022

TomTheCat said:
Binance is next. That's why CZ moved to Dubai, so he wouldn't go to jail.

Their trust wallet seems shady, I staked Tron and now no way to unstake, according to previous replies I need to add more Tron and then stake again and some who did that didn’t get ther coins back lol go figure.

RowdySadjit · May 12, 2022

Mr Positive said:
Their trust wallet seems shady, I staked Tron and now no way to unstake, according to previous replies I need to add more Tron and then stake again and some who did that didn’t get ther coins back lol go figure.

Go for cardano for staking brother, non of that custodial crap.

Sunya · May 12, 2022

RowdySadjit said:
Indeed, always thought it went against the ethos of what crypto is about decentralization however for adoption exchanges helped bring in the traders who must have quick exchanges and those are the ones who it is affecting.

Several times I read reddit titles

I agree. Exchanges are old centralised components in the decentralised system. They will die out eventually, sooner or later.

verwest · May 12, 2022

If they do something like this. Nobody can do anything. They have already planned everything. Whatever customers with crypto assets do.

MisterF · May 12, 2022

It's the Daily Fail, so it must be true

Digitalcitizen · May 12, 2022

RowdySadjit said:
Coinbase warns customers they may lose crypto if company goes bankrupt

Following an epic share price decline of more than 27% this week, Coinbase issued a stark warning to customers, your money is at risk if the crypto exchange goes bankrupt.

www.dailymail.co.uk

Interesting! Discuss...

What customers can do if it happens?

RowdySadjit · May 12, 2022

MisterF said:
It's the Daily Fail, so it must be true

So the original sources they are referencing are fiction?

krishnaverma · May 12, 2022

They are digging their grave. Most of users will be triggered by this and leave that platform.

GVald · May 12, 2022

What a bad move from them

bartosimpsonio · May 12, 2022

Who TF keeps their cryptos in exchanges?

You should use the exchanges to trade stuff, then you put it in your own wallet. Why keep it there?

Coinbase warns its 98million customers they may lose ALL their crypto if company goes bankrupt

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