On top of a major earnings miss, coinbase warned users last month that they don't enjoy protection from liability in the case of bankruptcy. But for many crypto investors, the announcement was much ado about nothing.
warned its users last month that they don't enjoy protection from liability in the case of bankruptcy, potentially putting nearly $256 billion in investor assets at risk.
A bank account is protected by the Federal Deposit Insurance Corp. for up to $250,000 worth of deposits in checking, savings and money market accounts as well as certain certificates of deposit. A traditional investment account enjoys up to $500,000 worth of coverage from the Securities Investor Protection Corp., which covers stocks, Treasurys, corporate bonds, certificates of deposit, exchange-traded funds, mutual funds and money market funds.
In some prior bankruptcy cases, assets that were well-defined and attributed to individuals separate from the insolvent entity could at times be shielded from creditors, Kasumovich said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Opinion: 5 ways to reduce gun violenceGun regulation matters buts is not the only way to reduce shootings.
Baca lebih lajut »
Investor Who Shorted Enron Early Is Betting Against CoinbaseShort-seller Jim Chanos is bearish on Coinbase, whose revenue has plummeted this year due to declining interest in crypto market
Baca lebih lajut »
The Long, Sordid History of the Gay Conspiracy TheoryTo comprehend America’s latest moral panic, it is necessary to recognize homophobia as not only a form of prejudice like any other but as a conspiracy theory. jkirchick writes
Baca lebih lajut »
The Arrowverse Is Dead, Long Live the ArrowverseThe Arrowverse Is Dead, Long Live the Arrowverse: trentlmoore on why the CW's pending sale doesn't have to be its Kryptonite.
Baca lebih lajut »
The Queen is Looking Forward to Seeing Archie and Lili at the Platinum JubileeShe doesn’t want any family issues to overshadow this celebration of the monarchy.
Baca lebih lajut »