3/ I think it's important to reinforce what differentiates Coinbase in a moment like this. This event appears to be the result of risky business practices, including conflicts of interest between deeply intertwined entities, and mis-use of customer funds (lending user assets).
— Brian Armstrong (@brian_armstrong) November 8, 2022
With regard to today’s market events, we have managed our lending book and have no material net credit exposure. In addition, Genesis has no exposure to any tokens issued by centralized exchanges. We continue to meet the needs of our clients around the world across all products.
— Genesis (@GenesisTrading) November 8, 2022
— Sid Powell (🥩 🥞) (@syrupsid) November 9, 2022
— Paolo Ardoino 🍐 (@paoloardoino) November 9, 2022
10/ The good news is that the foundations that have been built with crypto infrastructure and public chains give us the building blocks to now re-make financial services with radically more transparency than we've ever known.
— Jeremy Allaire (@jerallaire) November 8, 2022