Coinbase Crypto Forced To Disclose To It's Holders That They Will Lose Everything If It Declares Bankruptcy
They posted A $430 million 2022 1st quarter loss, and a 19% drop in users.
So here we see the indicators that crypto is an empty Ponzi scheme...depositors, who look at themselves as bank account holders, are being told that they are in fact technically investors, and worse than that unsecured investors. The crypto entities holding your savings and using them in such a way that they managed to incur $430 million dollars in "losses" in three months?
So then when they are "forced" to declare bankruptcy, your money will be used to pay for whatever the "expenses" were...that would be the mansions, yachts, and Bentleys the creators of the crypto scam took your money out for.
Crypto has banks and Wallstreet putting billions in propping up crypto currencies that are posting staggering losses as they get involved in the trillions of dollars unregulated industry.
Now I have to ask why anyone who got that warning from Coinbase would leave their money in it?
https://www.rawstory.com/coinbase-bankruptcy/
woodguru wrote:
They posted A $430 million 2022 1st quarter loss, and a 19% drop in users.
That means $430 million was spent, of other people's money....how does an operation that is simply set up to hold people's money and account for it use let alone lose that much?
It would appear that there is a sizeable bailout going on
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