"Funds are safe." But are they though?

https://www.theblock.co/post/247762/coinbase-says-its-investigating-as-some-wallet-users-see-empty-balances

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Not your keys 🔑 not your coins.

We will just centrally alter you balance to display appropriate amount. No worries.

Not your keys, not your coins!

I guess since it’s their keys it’s their coins and they can do whatever they want with them… 🌝

I find it funny Coinbase calls its wallet "self-custody" when it's anything but.

There’s some institutional holders who use Coinbase as custody. I hope they were on multi-sig.

Otherwise if you’re on Coinbbade with Bitcoin, it only takes an hour to test out multi-sig. some people work their whole life to secure their generational wealth, paying nation states in the process. So silly.

DROP DATABASE CB_SQL_FUNDS...

Oops.