The Crypto Conundrum: Difficulties in Valuing Cryptocurrency Assets Held in Exchange Custody: Part One

Popular cryptocurrency exchange Coinbase surprised many in its first 2022 quarterly report when it informed customers that “custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy,... customers could be treated as our general unsecured creditors.”

Reprinted with permission from the American Bankruptcy Institute’s Young and New Member Committee Newsletter, www.abi.org. Copyright © 2022 all rights reserved.

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