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.
Key Takeaways
- 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.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Solana Activates Alpenglow As Anza Targets Millisecond Finality
Anza says Alpenglow activated on Solana mainnet-beta on October 21. The consensus change targets roughly 150-millisecond finality; further networking and post-quantum improvements remain planned work.

Italian Police Uncover €110M Mafia Banking Scheme Using Crypto
Italian police have dismantled an alleged mafia-run underground bank that operated behind a car-rental business near Milan, processing more than €110 million in fake invoices and moving roughly €68 million abroad through banks and cryptocurrency. The…

China Targets 61,896 Bitcoin Still Held by British Authorities: Report
Chinese prosecutors are seeking to confiscate 61,896 bitcoin worth approximately $5.1 billion, currently held by British authorities, after one of the world’s largest cryptocurrency seizures. The assets trace back to Qian Zhimin, convicted in Britain for…