If this ever happens we'd see a hard fork attempt to try and recover the funds which will most likely result in another bitcoin cash situation where they lose value immediately against the real BTC.
When Coinbase ever gets hacked, this industry is going into an economic depression of its own:
- All the BTC held in the ETFs gone
- All of $MSTR BTC gone
- BTC held by Public companies gone
- BTC held by US Mining companies gone
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