Coinbase Settles with NYDFS for $100 Millions

Yugocean

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• 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

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• Jan 7, 2023

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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

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• 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.

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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

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• Jan 8, 2023

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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.