Soon after the fall of prominent crypto exchange FTX, almost every other player in the crypto exchange space started their innocence. Leading crypto exchanges came forward and started showcasing their financials, balance sheets and holdings info—partially, if not completely—without someone asking for it. Crypto.com and Coinbase were seen to lead the race along with other exchanges.
CEO Assuring of Coinbase Reserve’s Security
Coinbase CEO, Brian Armstrong went on to Twitter and posted a long thread detailing about the assets and reserves within the crypto exchange. He assured the assets kept with the firm are completely secure and backed one to one.
Armstrong started with sympathy for those affected by the FTX collapse. In addition he stated that Coinbase had neither exposure to FTX or its native FTT token nor with its sibling trading firm Alameda Research. While explaining the current situation in his long thread of Tweets closing up with a blog with more details on the fir
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