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.