Coinbase Debt Was ‘Canary in the Coal Mine’ for Crypto Meltdown
In the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold.
In the wake of the spectacular meltdown of Sam Bankman-Fried's crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold. One possibility? Coinbase Global Inc.'s junk bonds.The largest US digital-asset trading platform has seen the price of its bonds plunge this…