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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.

· 1 min read · 95 words · via CoinDesk

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Wire briefing

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.

Source: CoinDesk. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.

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