Which site did you got this information from? Try and include the link.
This points towards not you key not your coin, especially in the time of crypto bear market, it is better to have your coin on a noncustodial wallet which you have control over.
This issue is already been discussed before the moment coinbase made the announcement about there huge loss due to crypto market meltdown.
Are you talking about the Q1?
Coinbase posts net loss of $430 million for Q1 2022That was Q1 and the loss was $430 million. It would be good if hridoyb can include a link for us to know if the OP true or not.