Per CoinTelegraph
Amid FTX's and Alameda Research's liquidity crisis, Coinbase CEO Brian Armstrong took the opportunity to assure users they have no exposure to FTX, FTT, or Alameda.
CEO said that the event happened because of risky business practices and that Coinbase always tried to be a trusted player in the space.
Brian Armstrong assured the following:
- No engagement with “this type of risky activity”
- No actions with consumer funds unless directed
- Hold all assets dollar for dollar
- Listed in the US due to transparency and trust being a priority
- Investors and customers can see the company’s public audited financials
- Never issued an exchange token
See full $COIN flow at unusualwhales.com/flow.
