[TaylorPhebillo]

I see [1] speculate that Coinbase users could be considered unsecured general creditors, and therefore lower priority to repay than secured creditors. That does seem bad on it's own. But nothing about equity investors having higher priority on funds. Is there some extra subtlety around e.g. shares being convertible into debt or something weird?

[1] https://www.bloomberg.com/news/articles/2022-05-11/coinbase-...

[dzamo_norton]

Shareholders are at the back of the queue in a bankruptcy.