How Wyoming got tasked with returning $270M to crypto customers around the world

How Wyoming got tasked with returning $270M to crypto customers around the world

A dire warning landed in the inboxes of many international Coinbase customers last year: Unless they “immediately” removed their assets from the cryptocurrency trading platform, the company would sell off their holdings and turn the proceeds over to the state of Wyoming. “At that point,” the email advised, “your sole recourse to reclaim your liquidated assets will be to contact that government agency and file a claim for the property.” The messa…