Coinbase Confirms 'No Financing Exposure' to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin News

Coinbase Confirms 'No Financing Exposure' to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital

“Solvency concerns surrounding entities like Celsius, Three Arrows Capital , Voyager, and other similar counterparties were a reflection of insufficient risk controls, and reports of additional struggling firms are fast becoming stories of bankruptcy, restructuring, and failure,” the Coinbase executives detailed, adding:

“Many of these firms were overleveraged with short term liabilities mismatched against longer duration illiquid assets,” they noted.

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