Coinbase will pay a $6.5M fine to settle with the CFTC, over allegations that it self-traded cryptocurrencies between 2015 and 2018
Coinbase will pay a $6.5 million fine to settle allegations it self-traded cryptocurrencies between 2015 and 2018. — Crypto exchange Coinbase …
CoinDesk Nikhilesh De
Related Coverage
- CFTC Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading CFTC
- How the CFTC fine on Coinbase could affect future crypto company listing NewsBTC · Reynaldo Marquez
- Coinbase pays $6.5 million to settle trading investigation with CFTC The Verge · Kim Lyons
- Following $6.5 million CFTC fine, Coinbase delays direct stock listing Cointelegraph · Andrew Thurman
- Coinbase Settles ‘Misleading Transaction Data’ Charges with the CFTC for $6.5 Million BitcoinExchangeGuide · AnTy
- Coinbase To Go Public Next Month: Reports Decrypt
- Coinbase Ordered to Pay $6.5M by the CFTC for Wash Trading Ethereum World News · John P. Njui
- U.S. CFTC orders Coinbase to pay $6.5 million for false reporting, other actions Reuters · Mohammad Zargham
Discussion
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@davidshares
David
on x
Charlie Lee used Coinbase to fake Litecoin trading volume and then dumped on everyone. What a great guy! https://twitter.com/...
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@jeffjohnroberts
Jeff Roberts
on x
CFTC fines Coinbase $6.5M. Some tidbits: - One CFTC official said no jurisdiction (!) over crypto in the first place - Order doesn't name Coinbase employee who did wash trades (but could be Litecoin's Charlie Lee) - Other CFTC investigations ongoing https://decrypt.co/...
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@ahcastor
Amy Castor
on x
Coinbase to pay CFTC $6.5 million in penalties to settle charges of “reckless false, misleading, or inaccurate reporting as well as wash trading” by a former employee. https://www.cftc.gov/...
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@sbf_alameda
SBF
on x
1) The CFTC fines Coinbase $6.5m. This might be bullish for Coinbase. https://www.cftc.gov/...
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@ann_arcana
@ann_arcana
on x
Coinbase got fined 6.5mil because they've been trading coins with themselves back and forth to make it look like trade volume in magic beans was bigger than it actually is, and drive up prices. Literally fraud. https://www.cftc.gov/...
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@evan_lorenz
@evan_lorenz
on x
Is this the reason why Coinbase skated under the emerging growth company deadline and only reported 2 years of financials in its S-1? https://cftc.gov/... https://twitter.com/...