in

Coinbase fined $6.5 million over cryptocurrency trading claims for False, Misleading, or Inaccurate Reporting and Wash Trading

Coinbase fined $6.5 million over cryptocurrency trading claims for False, Misleading, or Inaccurate Reporting and Wash Trading



View Reddit by areyoudizzzyView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

9 Comments

  1. tldr; Coinbase has been fined $6.5 million by the Commodity Futures Trading Commission for misleading information about its trading volumes. The company ran two programs that sometimes traded Bitcoin and Litecoin with each other between 2015 and 2018. A former employee abused the programs to buy and sell crypto in “wash trades” that artificially inflated activity.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. “oh no, Coinbase got fined 6.5 millions”

    “see? Nobody cares”

    When you see the massive fines banks have to pay for money laundering, yes I’m looking at you HSBC, the 6.5 millions is kindda funny.

Loading…

0

What do you think?

InsideBitcoins.com

Ripple Price Prediction: XRP/USD Continue to Trade in the Range as Price remains above $0.55 Level

Bank digital currency that will enable Bitcoin to be used in any store