Coinbase just locked ALL users out of buying, selling, and transferring crypto.

Although Brian Armstrong had no issues selling $550M worth of his shares.

Here's what happened:

> Technical glitch from 10:07 to 11:26 PST

> Users couldn't touch their own money

> Q4 results: $667M net loss

> Shares dropped 8% after hours (thank Brian)

Let me repeat: while YOU couldn't access YOUR money, the CEO was cashing out HIS.

Look... i have been saying this for years.

just TradFi banks dressed in a different suit.

And it's not just crypto.

Every major bank fails the same way:

> Fractional reserves

> Mismanaged client funds

> Everyone wants to withdraw at once

> Game over

Silicon Valley Bank. Lehman Brothers. FTX. Same playbook.

Not your keys, not your money.