Comment Re:meh (Score 4, Informative) 132
They absolutely can. And always do, because *every* bankruptcy involves "assets belonging to others"; if none of your assets belong to other people, you're not in debt, and can't go bankrupt. The distinction is between "secured" and "unsecured" debt. "Secured" in this context means "you get paid first". Coinbase's outstanding debts -- the loans they took out to have enough money to operate -- will be secured debts. Customers' holdings will be unsecured debts. A bankruptcy court will definitely try their darnedest to settle debts without dipping into customer accounts; but if they can't, well, those customers chose to advance unsecured credit to Coinbase, and that comes with risk.