The Irish central bank did not overlook the detail.
Coinbase Ireland was fined $3.6 million for failures in protecting funds.
It dates back to 2023. When Silvergate was on the brink of collapse, Coinbase asked 30 customers to deposit funds into an alternate account at another U.S. bank.
Thirty customers. One bridge account. And a regulator now putting a price on that kind of maneuver.
$BTC
Are you surprised the amount is so low given the size of the case?
Coinbase Ireland was fined $3.6 million for failures in protecting funds.
It dates back to 2023. When Silvergate was on the brink of collapse, Coinbase asked 30 customers to deposit funds into an alternate account at another U.S. bank.
Thirty customers. One bridge account. And a regulator now putting a price on that kind of maneuver.
$BTC
Are you surprised the amount is so low given the size of the case?