Because if all he had to say was "there is no actual risk", then that's all he w... | Hacker News

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		nolok on May 11, 2022 \| parent \| context \| favorite \| on: Coinbase warns that bankruptcy could wipe out user... Because if all he had to say was "there is no actual risk", then that's all he would have written, and it fits in less than a single tweet.

nisegami on May 11, 2022 [–]

Why would anyone just take that as it is?

nolok on May 11, 2022 | [–]

Because he is the CEO and if he lies about those matters in a public communication he is liable to shareholders. Which is why he doesn't do it.

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