How are you going to prove that there is a risk of bankruptcy today if the compa... | Hacker News

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		gitfan86 on May 11, 2022 \| parent \| context \| favorite \| on: Coinbase warns that bankruptcy could wipe out user... How are you going to prove that there is a risk of bankruptcy today if the company doesn't go bankrupt today? How are you going to prove that the phone calls and meeting with the Saudis didn't include funding commitments from the Saudis? I'm not suggesting that these CEOs are 100% honest at all times, I'm sure they are not, but you need actual proof for fraud to have bet committed.

adam_arthur on May 11, 2022 [–]

Well, it's objectively true that any company can go bankrupt.

And an easy scenario to picture for Coinbase would be if crypto assets all dropped 90% or more in value in a short span of time, and went the way of the beanie baby. Is it a high probability? No, but at least a few percent chance.

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