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Coinbase Ireland Faces €3.25 Million Fine for Customer Fund Mismanagement

Crypto News

Coinbase Ireland Faces €3.25 Million Fine for Customer Fund Mismanagement

Coinbase Ireland Fined €3.25M by Central Bank Over Customer Fund Safeguarding Failures

The Crypto Times

Coinbase Ireland Fined €3.25M by Central Bank Over Customer Fund Safeguarding Failures

Coinbase Ireland faces a €3.25M fine after Ireland’s central bank found customer fund safeguarding failures and weak oversight spanning nearly five years.

Coinbase Ireland Fined €3.25 Million Over Customer-Fund Failures

The Defiant

Coinbase Ireland Fined €3.25 Million Over Customer-Fund Failures

The safeguarding shortfall reached €5.2 million in 2024. The sanctions require High Court confirmation before taking effect.... Read the full story at The Defiant

Bloomberg

Coinbase’s Ireland Arm Fined €3.25 Million Over Breaches

The Central Bank of Ireland fined cryptocurrency platform Coinbase Group’s Irish arm €3.25 million ($3.6 million) over claims it has weaknesses in its internal processes, which the bank said...

Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures

CoinDesk

Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures

When Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into an alternate account held by Coinbase at another U.S. bank.

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