1200 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOTMzMjI2YWEtMTA0MC00YjU2LTg4ZmItODU2MzE1MTlhZjFkLmpwZw 6 Crypto firms face insolvency due to forgetting 'the basics of risk management'

Crypto firms face insolvency due to forgetting ‘the basics of risk management’

– According to Coinbase, the issues facing Three Arrows Capital, Celsius and Voyager were “foreseeable and actually credit specific, not crypto specific in nature.”

– The company claims that these firms were overleveraged with short term liabilities mismatched against longer duration illiquid assets.

– Coinbase says it has a record of “no exposure to client or counterparty insolvencies” and “no changes in access to credit” for its users.

 

Leave a Reply

%d bloggers like this: