Cryptocurrency News

Coinbase chief legal officer responds to SEC disclosure FUD

06/02/2022

Less than a minute

2022.06.02 18:31

Coinbase chief legal officer responds to SEC disclosure FUD

As fears surrounding the Coinbase (NASDAQ:COIN) exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange.

In an SEC disclosure made by Coinbase back in May, certain parts of the document mentioned that in the case of bankruptcy, crypto-assets held in custody on behalf of its customers may be “subject to bankruptcy proceedings” and that customers may become “unsecured creditors” in the process.

06/02/2022

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