Coinbase CEO Brian Armstrong States The Company Can Cover All User DepositsOver the past few days, there have been some shreds of evidence regarding a potential solvency issue for Coinbase. The popular exchange platform has been distributing pre-hard fork Ethereum coins to buyers, which makes them eligible for an equivalent value in Ethereum Classic. Some people felt this was an exploit that would end up costing Coinbase money, but those claims may have been overstated.
The Ethereum replay attack vector has proven to be of grave concern to various cryptocurrency exchanges. Funds located in cold storage that came in before the Ethereum hard fork is technically the property of the user. However, ever since Ethereum Classic came around, there has been a question as to who owns these “new” coins.
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