Cryptocurrencies
Looking to the Upcoming Coinbase Earnings Call in the Wake of the FTX Chaos (Podcast)
What will the report reveal about the troubled exchange in the wake of the FTX collapse?
Photographer: Samyukta Lakshmi/Bloomberg
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Let’s state the obvious here: 2022 was not a good year for digital assets.
From the Terra Luna collapse, the Celsius and Three Arrows Capital bankruptcies, to the FTX implosion in November — the list was long. The end of Sam Bankman-Fried’s empire created a contagion effect especially felt by crypto exchanges, like publicly traded Coinbase. In early January, the exchange settled with New York regulators who accused it of “significant” compliance program failings.