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Coinbase Ireland allowed customer funds to be mixed with money belonging to other Coinbase entities, including directing 30 institutional clients to deposit funds into a U.S. Coinbase Inc. account during the 2023 Silvergate banking disruption.
Central bank fines Coinbase Ireland $3.6 million over fund safeguarding failuresCoinbase Ireland fined $3.6 million over customer fund segregation, oversight failuresCoinbase Ireland faces €3.25M fine over customer fund safeguardsCentral Bank of Ireland fines Coinbase unit €3.25M over safeguarding - Cryptopolitan