I doubt common shareholders would get anything at all in a case of bankruptcy.
> the unsecured creditors think they're first in line (bank depositors)
Coinbase isn't a bank, and customers' digital assets aren't bank deposits.
> that sounds like stealing to me!
Welp... You're wrong!
As for real banks, feel free to look up current events on "uninsured deposits" at regional banks. You might say banks are "stealing" deposits from accounts >$250k too!
> the unsecured creditors think they're first in line (bank depositors)
Coinbase isn't a bank, and customers' digital assets aren't bank deposits.
> that sounds like stealing to me!
Welp... You're wrong!
As for real banks, feel free to look up current events on "uninsured deposits" at regional banks. You might say banks are "stealing" deposits from accounts >$250k too!