A mutually-assured destruction clause was snuck into the latest earnings report of the company.
Fortune observed that the fine print in the company's quarterly earnings report explains that if the company goes bankrupt, it could happen.
In the event of a bankruptcy, the company's users would become generalUnsecured Creditors and the company would hold the Cryptocurrencies.
After people found out about the fine print and were angry, Brian Armstrong took to the internet to try to make sense of it.
Just as they have always been, your funds are safe at Coinbase.
The risk clause was included due to a new Securities and Exchange Commission requirement.
It is possible that a court would consider customer assets, but it is unlikely.
It's not much for quelling user anxiety.
The earnings of Coinbase were bad. Worse still, the exchange warns that a bankruptcy could wipe out user funds.
The CEO of the company may never recover.
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