Coinbase Ireland Fined €3.25M After Customer Fund Safeguard Lapses
Ireland’s central bank has fined Coinbase Ireland €3.25 million after finding that the company failed to properly protect customer funds over several years. Errors in its systems left a designated customer-funds account short by as much as €5.2 million in 2024. Coinbase says no customers lost money or access to their funds, and the problems […]
Key Takeaways
- Ireland’s central bank has fined Coinbase Ireland €3.25 million after finding that the company failed to properly protect customer funds over several years.
- Errors in its systems left a designated customer-funds account short by as much as €5.2 million in 2024.
- Coinbase says no customers lost money or access to their funds, and the problems […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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