Coinbase Settles with NYDFS for $100 Millions

Yugocean

Notable

Member

Jun 23, 2022

1,221

192

Dex

$0.000

Raw Dex

$0.000

• Jan 5, 2023

• #1

Coinbase will pay $50 million fine for allowing people use its platform without checking their background, and another $50 million to settle issues.

 

Magnus2022

Notable

Member

Nov 25, 2022

4,080

333

Dex

$0.000

Raw Dex

$0.080

• Jan 7, 2023

• #2

The fine is quite deserving because coinbase actually helped scammers to scam people and go scot free. This should be a deterrent to other exchange that aid criminals just because of their personal gains.

 

Yugocean

Notable

Member

Jun 23, 2022

1,221

192

Dex

$0.000

Raw Dex

$0.000

• Jan 7, 2023

• Thread starter
• #3

Magnus2022 said:

The fine is quite deserving because coinbase actually helped scammers to scam people and go scot free. This should be a deterrent to other exchange that aid criminals just because of their personal gains.

Click to expand...

I am not sure how this is going to help victims? They are not going to get justice, its more likely business+burocracy nexus of paying and shutting.

 

Niyi Briggs

Well Known

Member

Nov 27, 2022

7,825

318

Dex

$0.000

Raw Dex

$0.100

• Jan 8, 2023

• #4

Someone told me that trust wallet is better than coinbase. And this has confirmed that. How can they be leaving loopholes consciously or unconsciously for scammers to access the site.