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Ethereum World News 2021-03-20 09:32:20

Coinbase Ordered to Pay $6.5M by the CFTC for Wash Trading

Summary: The CFTC has ordered Coinbase to pay $6.5 million for ‘false, misleading or inaccurate reporting and wash trading’ Coinbase is also ordered to cease and desist from any further violations of the Commodity Exchange act The accusations center on trading activities on Coinbase between January 2015 and September 2018 The Commodity Futures Trading Commission has ordered Coinbase to pay a penalty of $6.5 million for what the CFTC describes as ‘reckless false, misleading, or inaccurate reporting as well as […]

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